Russia’s Crude Oil Exports Hit Four-Month High

Russian crude oil exports by sea continue to rise as heavy domestic refinery maintenance leaves more crude available for export. Russia exported on average 3.47 million barrels per day (bpd) of crude in the four weeks to October 20, up by 140,000 bpd compared to the four-week average to October 13, tanker-tracking data monitored by Bloomberg showed on Tuesday. The four-week average to October 20 was the highest export level for Russia since the end of June, according to the data reported by Bloomberg’s Julian Lee. At the same time, refining...