Russian Crude Exports Drop as Shipments to India Slump

Russia’s crude oil exports by sea fell in the four weeks to November 24 compared to the previous four-week average by the steepest volume since July, amid lower shipments to India, tanker-tracking data monitored by Bloomberg showed on Tuesday. Russia is estimated to have shipped from its oil export terminals an average of 3.12 million barrels per day (bpd) of crude oil during the four weeks to November 24, down by 150,000 bpd compared to the previous four-week average to November 17, according to the data reported by Bloomberg’s Julian...