While Moscow said earlier this week it was anticipating a more than $6-billion boost in oil revenues in June, despite sanctions, a new report from Bloomberg shows that while Russian seaborne crude oil shipments have increased, Moscow is earning far less on exports. In the seven days to June 3rd, Russian crude oil shipments by sea hit their highest rate in six weeks, according to Bloomberg . However, those cargoes are being sold to Asian buyers at heavy discounts. Russia is still raking in oil revenues, but it’s selling more, for less. For the seven days to June 3rd, Bloomberg cites tanker data as showing a 10% increase from the week ended May 27th. India continues to lead the buying spree, taking in 660,000 bpd of discounted Russian crude in May for a nearly 2.5-fold increase over the previous month. As of a week ago, Russian oil was selling […]