Russia's Oil Exports Hit 4-Month High, Boosted by Rising Demand in Asia
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Russia's oil exports rose to a 4-month high of 3.53 million barrels per day in the week to Oct 22, up 20,000 barrels from the previous week.
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The increase lifts the 4-week average oil exports to 3.5 million barrels per day, the highest since June.
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Exports to Asia edged up to 3.06 million barrels per day over the last 4 weeks.
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No Russian crude was shipped to Northern Europe or Mediterranean countries in the last 4 weeks.
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Export revenues from crude oil duties jumped to a new 2022 high of $80.5 million in the week to Oct 22.