Russian Refinery Maintenance Pushes Oil Exports to 3-Month High

Russia’s crude oil exports by sea rose to their highest level in three months in the four weeks to October 13, as seasonal refinery maintenance cut domestic crude processing rates, tanker-tracking data monitored by Bloomberg showed on Tuesday. The four-week average exports from Russia’s oil export terminals inched up by 7,000 barrels per day (bpd) to 3.33 million bpd in the four weeks to October 13, compared to the previous four-week average, according to the data reported by Bloomberg’s Julian Lee. The higher exports were largely…