Russian seaborne oil flows dive

Russia’s seaborne crude exports fell by almost 900,000 barrels a day (bpd) in the first half of September, while U.S. oil exports to Europe are expected to rise more than one million bpd
  

Russia’s seaborne crude shipments (four-week average, million bpd)

Asia 	Europe	Rest of world

Jan 28: 2.82 million bpd 
European pre-war average of 1.20

Feb 24: Russia invades Ukraine

Apr 29: Peak of 3.56
Europe falls to 0.51

Week to Sep 2: 3.42
Europe falls to 0.43

Sep 16: 2.54 million bpd, down 880,000 bpd 
      
Shipborne imports fall to 310,000 bpd – down 74.2% on pre-war levels. Dec 5: EU to ban all Russian shipborne oil

4.0
3.5 
3.0 
2.5 
2.0 
1.5                                                                                                                                          1.0
0.5 
0.0
	Feb Mar Apr May Jun Jul Aug Sep
   

Sources: Bloomberg, Energy Intelligence Group 
Picture: Getty Images 
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