Russia's Oil Exports Slip as Lull in Drone Strikes Boosts Refining

Commodities Russian Oil Flows Hit Seven-Week Low on Lull in Refinery Strikes Ukraine’s switch to attacking tankers lets plants process more crude, ship less abroad Russia shipped less crude oil overseas after refiners benefited from a temporary change in the focus of Ukraine’s drone strikes, though a resumption of attacks on processing plants may see exports rise again in the coming weeks. The country’s crude exports fell below 4 million barrels a day for the first time in six weeks, dropping to 3.9 million barrels a day in the four weeks to Aug. 2, tanker-movements data compiled by Bloomberg show. That took shipments using this measure to the lowest since mid-June.