Security Worries Reshape Russia’s September Oil Exports
Russia shipped 142.7 million barrels of crude and clean petroleum products in September, of which crude accounted for 110.4 million barrels, a pace of about 3.7 million barrels per day. Sanctioned vessels carried 78 million barrels, 55% of the total and 63% of the crude, while EU-owned tankers carried 31.5 million barrels, or 22%. Nine in ten EU-owned barrels were loaded at Baltic ports, and EU-owned loadings fell from 20.5 million barrels in September 1-15 to 11.1 million in September 16-30.
Why it matters: The displacement of EU-owned tonnage by sanctioned and Russian-flagged ships bears directly on the briefing's sanctions and shadow-fleet theme.