Russia’s weekly profit from oil exports is approaching the highest levels since the start of the SMO

According to Bloomberg, in the week ending September 27 Russia exported an average of 3.99 million barrels of crude oil per day. The estimated value of these cargoes reached $2.75 billion, $180 million more than the previous week.

Prices played the main role. In mid-September, Russian Urals crude shipped from western ports traded above $110 per barrel, while ESPO crude supplied from the Far East exceeded $120, as damage to a key pipeline in Saudi Arabia kept Brent prices high, the news agency notes.

@svezhesti