Russian crude exports down 5.6% to 1.3 bln bbl in Jan-Sep 08

Russia's crude exports declined 5.6% year-on-year to 182.1 million metric tons (1.3 billion barrels) in January-September, the Federal State Statistics Service said on Friday according to RIA Novosti.

Crude accounted for 36% of all Russian exports and 51.8% of the country's energy exports in the reporting period, against 34.5% and 54%, respectively, in the same period in 2007.

The average oil export price was $702.8 per ton in September, a drop of 13.8% against August, with Urals oil prices falling by 13% to $708.8 per ton on the global market.

Russian oil output declined by 0.6% year-on-year to 364.8 million metric tons (2.7 billion barrels) in the first nine months of the year.

Source: Portnews