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Loadings Programmes Indicate Weaker Baltic Urals Flows in May

OIL

Loading programmes indicate Urals loadings from two Baltic ports are likely to drop in May vs April according to Bloomberg reports based on loading schedules, driven by a dip at Ust-Luga.

  • Full month Primorsk loadings are planned to be about 3.5m tons or 828kbd compared to 4.2m tons, or 1.03mn bpd for April.
  • Ust-Luga full month exports are likely to be around 3m tons, equivalent to 710kbd compared to 2.8m tons or 684kbd in April.
  • For the Black Sea port of Novorossiysk - program of 2.3m tons or 544kbd little changed m/m in May.

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