Russia’s Weekly Oil Exports Jump To Highest Level In Over A Month

Russian crude oil exports by sea surged by 26% to 3.6 million barrels per day (bpd) in the week ending February 17, the highest level in more than a month, according to shipment tracking data compiled by Bloomberg. All export terminals on the Russian Baltic, Black Sea, Arctic, and Pacific coasts saw a rise in crude oil shipments last week. The four-week average rate of exports was also higher and rebounded to 3.34 million bpd, according to the data monitored by Bloomberg. Of those, as much as 3.19 million bpd was headed to China and India, while…