Russia’s Crude Exports Lose Momentum After Baltic Flows Targeted

Russia’s weekly crude exports slumped, driven by a slide in Baltic shipments following Ukrainian drone strikes that affected key regional facilities.

Seaborne weekly flows averaged about 3.18 million barrels a day in the period to Sept. 14, down 934,000 barrels a day from the previous week, the sharpest decline since July last year, according to vessel-tracking data compiled by Bloomberg.

Still, the less volatile four-week average edged up to 3.46 million barrels a day, from a revised 3.42 million in the period to Sept. 7. The uptick reflects outsized volumes in the prior week, which were driven by Urals shipments from the country’s Black Sea and Baltic ports. The ...