Russia’s Oil Export Revenue Slides as Production Declines
Russia’s seaborne crude exports fell to their lowest four-week average in a month after shipments from the Baltic port of Primorsk stopped for several days, according to tanker-tracking data compiled by Bloomberg. Exports averaged 3.59 million barrels per day in the four weeks through October 18, down 110,000 bpd from the previous period. Weekly shipments fell 390,000 bpd to 3.13 million bpd, the lowest since March. Just 31 tankers loaded 21.91 million barrels, compared with 34 vessels carrying 24.63 million barrels the previous week. Primorsk…