Russian crude exports pivot to Asia after EU sanctions, price cap bite

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Russian seaborne crude exports held steady at around 3 million b/d during the first week of EU sanctions and the G7 price cap as Asia importers continued to soak up deliveries displaced from Europe, according to tanker tracking data. Export loadings of Russian crude averaged 3.02 million b/d in the week ending Dec. 11, little changed from the week before…