Russia Exported Record Amounts Of Crude In August

Six months into Russia’s war on Ukraine, Russia's oil output has continued to exceed expectations. According to data from the Institute of International Finance (IIF), Russian oil shipments hit their highest ever August level this month, with Greek-owned tankers playing the biggest role in helping Russia's oil get to international markets. IIF chief economist Robin Brooks has tweeted that the capacity of oil tankers departing Russian ports--a proxy for exports--came in at just under 160 million barrels in August, more than in any August in…