Automatically translated version. May contain inaccuracies compared to the original.
Russia earned a record amount from oil exports since the start of the war — $2,76 billion in one week, — Bloomberg
Over the week, 26,93 million barrels of oil were shipped from Russian ports on 37 tankers. A week earlier it was 21,87 million barrels on 31 vessel. The value of shipments rose by about $430 million.
At the same time, average seaborne exports of Russian oil over the four weeks through 25 October fell slightly — to 3,55 million barrels per day.
Bloomberg notes that a weakening of Ukrainian strikes on Russian refineries could allow Russia to increase domestic oil processing. If damaged plants resume operation, there may be less crude available for export in the coming weeks.
For now the main buyers remain China, India, and other Asian countries. However, Indian companies may cut purchases of Russian oil because of expensive sea freight and the emergence of cheaper alternatives from the Middle East.
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