Russia has been raising its exports of fuels in recent weeks as refiners ramped up processing and Moscow lifted most restrictions on exports of fuels that were introduced in September. Russia’s fuel exports by sea averaged around 2.4 million barrels per day (bpd) in the four weeks to December 17—the highest volume of fuel shipments since the middle of September, per data from analytics firm Vortexa compiled by Bloomberg. Weekly exports in the week ending December 17 surged to over 3 million bpd—the highest level…
