Russian exports of oil and oil products to the United States surged in the last week of February to their highest level since 2011, with Russia taking advantage of the Venezuelan collapse, Russian news outlet RBC reports , quoting investment bank Caracas Capital Markets as saying in a note to clients. At least nine tankers delivered 3.19 million barrels of oil and oil products of Russian origin to U.S. ports in the week February 23 to March 1, according to Caracas Capital Markets, which specializes in Venezuela. These 3.19 million barrels is the largest volume of Russian oil deliveries “we have seen since 2011,” Russ Dallen, Caracas Capital Markets Managing Partner, wrote in the note, as carried by RBC. Most of the Russian oil deliveries were naphtha and fuel oil, and tankers from Novorossiysk and St Petersburg, among others, shipped the oil products to U.S. ports, Caracas Capital said, […]