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Russia's Seaborne Crude Exports Drop Ahead of OPEC+ Meeting.
In: Bloomberg.com, 2024-05-28, S. N.PAG
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Zugriff:
Russia's seaborne crude exports have dropped for a third consecutive week, reaching a two-month low ahead of an OPEC+ meeting. While increased flows from Pacific ports partially offset the decline, lower volumes from the Black Sea and the Arctic contributed to the overall decrease. Russia has pledged to compensate for overproduction, but reduced output may lead to lower overseas shipments unless refinery runs also decrease. The decline in exports was also driven by fewer shipments from Novorossiysk and Murmansk, while prices have also fallen, resulting in the value of Russia's shipments reaching a 10-week low. [Extracted from the article]
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Russia's Seaborne Crude Exports Drop Ahead of OPEC+ Meeting.
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Autor/in / Beteiligte Person: | Lee, Julian |
Zeitschrift: | Bloomberg.com, 2024-05-28, S. N.PAG |
Veröffentlichung: | 2024 |
Medientyp: | serialPeriodical |
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