Russia’s seaborne crude oil exports increased by 23% in the first week of July, recovering most of the volume lost over the previous seven days following a brief halt in shipments from the Baltic port of Primorsk. However, the country’s exports to Asia have slipped by more than 15% on both a weekly and four-week average basis from the highs seen at the end of May. Russia has already lost almost two-thirds of its market for seaborne crude oil in Northern Europe.