Europe is loading up on Russian oil 3 months before an import ban is set to kick in amid EU's energy crisis
analysis based on vessel tracking data. This is also up from 890,000 barrels a month ago in August, although it was sharply lower than the post-invasion high of 1.28 million barrels a day in June, according to the data published on Monday.
Overall, total seaborne Russian crude shipments rose to 3.32 million barrels a day in the week ending September 2 — up 13% from a week ago, according to Bloomberg's data. Shipments to Northern Europe jumped 20% week-over-week while shipments to Asia remained stable. In particular, shipments to the Netherlands — home to Europe's major Amsterdam-Rotterdam-Antwerp oil refining hub — rose 13% from a week ago, per the report.
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