Highlights Turkey becomes Russia’s third-biggest crude buyer Russian exports to Europe fall below 1 million b/d EU sanctions/G7 price cap seen redirecting more flows east Russian crude exports fell to a 12-month low in September, according to tanker tracking data, as European buyers continued to wind down their purchases of Moscow’s oil ahead of looming sanctions despite surging flows into Turkey, which has become the third largest buyer of Russia’s oil behind China and India. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Excluding Russia’s share of Kazakhstan’s CPC Blend exports, Russian crude exports averaged 2.99 million b/d in the month, down 290,000 b/d on the August levels and lowest since September 2021 when global oil demand was still recovering from pandemic lockdowns, according to S&P Global Commodities at Sea. Russian flows to the Netherlands—home to Europe’s biggest refining hub—were cut by more […]