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50% of European Diesel Imports from Russia in November

OIL PRODUCTS

Russia is on track to ship its highest amount of oil products in November since launching its war on Ukraine early this year.

  • Russia shipped 2.657 million barrels a day of its oil products in the first three weeks of November worldwide, up from 2.223 million for all of October and approaching the 2.938 million barrels shipped in February according to Vortexa.
  • Russia is still Europe's largest single refined oil products supplier. Diesel-type imports to the EU and UK from Russia have averaged 1.34 million barrels a day so far this month, surpassed only by the 1.4 million shipped in April and the 1.7 million shipped in October.
  • Russia is supplying around 50% of all European diesel imports this month. A ban on Russian oil product flows is set to be implemented February 5.
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