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Russia’s seaborne oil exports hit their lowest level in 7 months

August 1, 2023

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In July, Russia’s seaborne crude exports dropped to their lowest mark in seven months, Bloomberg data shows.

Russia shipped an average of 2.98 million barrels a day in the four weeks to July 30, down roughly 900,000 barrels a day since May’s peak. According to Bloomberg, flows for the month were more volatile on a weekly basis, and exports coming out of the Arctic matched previous record highs.

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