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OIL: Russia Crude Exports Rebound on Kozmino and Primorsk Flows

OIL
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Russia’s seaborne crude shipments rebounded last week due to the resumption of flows out of eastern facing Kozmino port and due to higher Primorsk flows, according to Bloomberg vessel tracking.

  • Weekly crude exports rose 850kb/d to the highest since the end of June while the four-week average volume increased 160kb/d to 3.26mb/d in the week to September 29.
  • Kozmino shipments recovered after a drop last week, likely due to some sort of maintenance. Primorsk flows remain near historical highs.
  • Russia crude shipments to China via its Northern Sea Route had already exceeded last year’s total by mid September with a month still to go before the route closes.
  • Russia’s average refinery runs from Sept. 1-25 fell to the lowest since June at 5.28mb/d amid seasonal maintenance.

 

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Russia’s seaborne crude shipments rebounded last week due to the resumption of flows out of eastern facing Kozmino port and due to higher Primorsk flows, according to Bloomberg vessel tracking.

  • Weekly crude exports rose 850kb/d to the highest since the end of June while the four-week average volume increased 160kb/d to 3.26mb/d in the week to September 29.
  • Kozmino shipments recovered after a drop last week, likely due to some sort of maintenance. Primorsk flows remain near historical highs.
  • Russia crude shipments to China via its Northern Sea Route had already exceeded last year’s total by mid September with a month still to go before the route closes.
  • Russia’s average refinery runs from Sept. 1-25 fell to the lowest since June at 5.28mb/d amid seasonal maintenance.

 

Keep reading...Show less