The supply of Russian oil by tanker is increasing. Last week, exports amounted to 3.53 million barrels per day; This was 20 thousand barrels per day more than the previous week. The publication reports that Bloomberg with reference to our own tracking data.
The four-week average reached 3.5 million barrels per day, the highest level since June. It increased by approximately 610 thousand barrels per day in two months. The slight weekly increase was due to increased supply in the Baltic and Pacific Oceans, which offset the decline in the Black Sea. In early August, Deputy Prime Minister Alexander Novak said that Russia would extend restrictions on oil exports until the end of the year, 300 thousand barrels below the May-June average. However, the supply from ports exceeds this target by approximately 220 thousand barrels per day.
The increase in volumes pushed the Kremlin’s weekly revenue from oil export taxes to the highest level this year. The four-week average has reached a new high since mid-January.
mid October Pakistan opened Direct imports of Russian oil for companies.
previously china augmented Russian oil imports for nine months.