On Tuesday, Bloomberg reported that Russia seaborne crude exports rose steadily to hit a four-month high in the week ending October 22nd, according to tanker-tracing data.

Russia exported about 3.53 million barrels per day (bpd), an amount roughly 20,000 bpd above the previous week’s average, and the largest volume since June.

The increased volume raised Russia’s four-week shipment average to roughly 3.5 million bpd, an increase over the previous reading of 3.36 million bpd seen in the period ending October 15th, marking an increase of 610,000 bpd over the past two months, according to the agency.

The average volume shipped is about in line with expectations given Russia’s pledge to cut oil exports by 300,000 bpd compared to the May/June baseline, through the end of the year. Bloomberg calculated that the seaborn shipments of crude should be running at about 3.28 million bpd.

The weekly gain in shipments was largely a result of increases in volumes being exported out of the key ports of Kozmino on the Pacific coast and Primorsk on the Baltic Sea. Those increases offset a drop in exports from the Black Sea ports.

Moscow’s revenues from crude export duties increased to a new record high for the year, alongside shipping volumes last week.

The four-week average has increased for 12 straight weeks, setting a new high for the period from mid-January, according to tracking data.