Russia’s Crude Oil Exports By Sea Continue To Climb

Russia’s crude oil exports by sea rose in the four weeks to May 12 to a new record-high and are now estimated to have increased by 10% from early April, tanker-tracking data monitored by Bloomberg showed on Monday. Crude on vessels departed from Russia’s oil export terminals and en route to international markets hit another record at 3.61 million barrels per day (bpd) in the four-week period to May 12, according to the data reported by Bloomberg’s Julian Lee. That’s the highest volume of Russian seaborne crude oil exports…