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Diesel Left Russian Port of Primorsk at Record Pace March

OIL PRODUCTS

Shipments of diesel-type fuel out of Russia’s Baltic port, Primorsk hit the highest since at least late 2016 on a bpd basis in March according to Bloomberg.

  • They left the port at a pace of 502k b/d in March.
  • Compares with about 473k b/d in February, which was itself a record.
  • Russian diesel exports have defied market expectations post Feb 5 ban into the EU, flowing to new markets in North Africa, the Middle East and Latin America.

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