Last week saw a recovery in Russia’s seaborne crude flows, with India now making inroads into the country’s Pacific exports after absorbing the majority of cargoes carried from western ports as a result of an embargo by Europe, as reported by Bloomberg.
Dip in exportsUp to 3.33 million barrels per day in the seven days leading up to March 10, Russia’s shipments made up 40% of the deficit from the previous weeks. The less erratic four-week average increased as well.
https://mfame.guru/rebounding-russian-oil-flows-as-india-acquires-more-pacific-cargoes/