Russian Seaborne Exports Of Oil Products Dropped 10.4% In February

Russia’s exports of oil products by sea slipped by 10.4% in February as the EU embargo and the G7 price caps on Russian fuels came into force, Reuters has estimated based on data from industry sources. Total shipments of oil products from Russian ports dropped to 9.531 million tons last month, down from 11.781 million tons exported by sea in January, according to the data and to Reuters calculations. The biggest decline was seen in seaborne exports from Russia’s Black Sea ports and from the Azov Sea, where volumes slumped by 20.5%.…