Russia’s Oil Exports Rebound Ahead Of The EU Ban On Fuel Imports

The upcoming EU ban on fuel imports from Russia, as well as Germany and Poland halting pipeline imports of Russian crude at the start of January, pushed Russian seaborne crude oil exports higher in the week to January 27, according to vessel tracking data monitored by Bloomberg. In the week to January 20, Russian crude oil shipments from its key export terminals slumped by 22%, or by 820,000 barrels per day (bpd), compared to the previous week, Bloomberg data showed. But the following week, to January 27, saw Russian crude shipments increase by…