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OIL: Russia Western Port Oil Loadings Up to 2.06mbp on Novorossiisk Revision

OIL
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September oil loadings from the Black Sea port of Novorossiisk in Russia have been revised up by 0.14m metric tons to 2.24m tons, or 545kbpd, according to Reuters sources.

  • An additional cargo of 140k tons was included in the loading plan.
  • Russia's oil exports from its western ports are expected to rise to nearly 2.06mbpd in September after the revision. Primorsk, Ust-Luga and Novorossiisk loadings are up from 1.95mbpd in August with more crude available for export amid an increase in offline primary oil refining capacity this month. 
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September oil loadings from the Black Sea port of Novorossiisk in Russia have been revised up by 0.14m metric tons to 2.24m tons, or 545kbpd, according to Reuters sources.

  • An additional cargo of 140k tons was included in the loading plan.
  • Russia's oil exports from its western ports are expected to rise to nearly 2.06mbpd in September after the revision. Primorsk, Ust-Luga and Novorossiisk loadings are up from 1.95mbpd in August with more crude available for export amid an increase in offline primary oil refining capacity this month.