Russia’s Crude Shipments Rise Despite Vow to Fix Overproduction

Russia continued to raise its crude oil exports by sea for a second consecutive week despite promising to stick strictly to its OPEC+ output target in June, tanker-tracking data and port agent reports monitored by Bloomberg showed on Tuesday. In the four weeks to June 16, Russian crude oil shipments rose by some 80,000 barrels per day (bpd) to 3.42 million bpd, according to the data reported by Bloomberg’s Julian Lee. The week to June 16 was the second consecutive week in which the four-week average of Russia’s crude export…