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January Urals Ship-to-Ship Transfers at Record High in Med

OIL

Ship-to-ship (STS) loadings of Russian Urals crude in the Mediterranean hit a record high in January according to Refinitiv.

  • STS volumes in the Mediterranean for deliveries to Asia jumped eight-fold in January from December to a record-high of 1.7 million tonnes.
  • 1 million tonnes of Urals blend were loaded via STS operations in January near the Spanish port of Ceuta in the Strait of Gibraltar.
  • Around 600,000 tonnes were loaded near the Greek port of Kalamata.
  • All the cargoes were delivered to Asia, mainly to India, where at least 800,000 tonnes of Urals were expected to arrive from January’s operations.
Energy BulletsCommodities
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