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Crude Shipments Plummet as Primorsk Port Goes Offline
20 Oct
Summary
- Russian crude shipments saw a significant drop last week.
- Operations at the key Primorsk port were likely paused for maintenance.
- Overseas crude flows fell to 3.59 million barrels in four weeks.
Russia's crude oil exports experienced their lowest volume in a month, primarily due to operational pauses at its vital Primorsk port. The facility in the Baltic Sea was likely undergoing essential maintenance work during the period.
In the four weeks leading up to October 18th, the nation's overseas crude flows registered a significant decrease, totaling 3.59 million barrels. This reduction underscores the importance of the Primorsk port to Russia's overall oil shipping capacity and global supply chain.
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