WSJ: More Russian Oil Flows East as Relations With West Sour

As Moscow's relations sour with the West, Russia's energy sector is pivoting to Asia, with oil exports to the region jumping to record highs and analysts predicting a boost for some Asian energy companies.

Russia has sent more than 30% of its oil exports—more than 1.2 million barrels a day, the most ever—to Asia this year, trade and analyst data showed. Around a fifth of Russia's oil exports went to Asia Pacific in 2012, according to the International Energy Agency.

Meanwhile, Russian oil exports to Europe via its largest pipeline network have fallen from a peak of 3.72 million barrels a day in May 2012, to less than 3 million barrels a day in July.
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