TRUDEAU: CAN'T GUARNATEE MEXICO WILL REMAIN IN USMCA

TRUDEAU SAYS TAX BREAK WON'T STIMULATE INFLATION

CANADA PROPOSES GIVING SALES TAX HOLIDAY ON `ESSENTIALS'

MNI BRIEF: Fed Should Explore Central Clearing At SRF-Hammack

MNI China Daily Summary: Thursday, November 21

MNI BRIEF: China To Enhance Support For Foreign Trade - MOFCOM

EZ/UK Bond Supply Calendar: UK Synd; EU-Bond Auction on Monday

US EIA:NAT GAS STORAGE -3 BCF TO 3,969 BCF NOV 15 WK

MNI: US NAR: OCT EXISTING HOME SALES 3.96M SAAR

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

OIL PRODUCTS: Russia’s Oil Product Exports Fall to Four-Month Low

OIL PRODUCTS
BulletEnergy BulletsCommodities

Russia’s oil product exports dropped to a four-month low in August, mainly due to a sharp slide in diesel shipments, Bloomberg said.

  • Seaborne fuel oil exports averaged 2m b/d in August, Vortexa data showed. This is down 11% on July and one of the lowest totals in recent years.
  • Diesel and gasoil volumes are around 40% of all Russian exports and slumped to their lowest since Oct. 2023, down 20% to 760k b/d. In October 2023, loadings were limited during an export ban.
  • The fall was attributed by Vortexa to a key outage at the Mozyr refinery in Belarus which supplies a relevant portion of the Russian market, coupled with diesel being kept for domestic use.
  • Gasoline exports also fell 70% to just 30k b/d, while Naphtha exports fell 6% to 406k b/d, the lowest since June.
  • Fuel oil shipments rose slightly, and jet fuel flows trebled to 56k b/d.

 

Keep reading...Show less
147 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Russia’s oil product exports dropped to a four-month low in August, mainly due to a sharp slide in diesel shipments, Bloomberg said.

  • Seaborne fuel oil exports averaged 2m b/d in August, Vortexa data showed. This is down 11% on July and one of the lowest totals in recent years.
  • Diesel and gasoil volumes are around 40% of all Russian exports and slumped to their lowest since Oct. 2023, down 20% to 760k b/d. In October 2023, loadings were limited during an export ban.
  • The fall was attributed by Vortexa to a key outage at the Mozyr refinery in Belarus which supplies a relevant portion of the Russian market, coupled with diesel being kept for domestic use.
  • Gasoline exports also fell 70% to just 30k b/d, while Naphtha exports fell 6% to 406k b/d, the lowest since June.
  • Fuel oil shipments rose slightly, and jet fuel flows trebled to 56k b/d.

 

Keep reading...Show less