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Primorsk Diesel Shipments in Sept Fell MoM

OIL PRODUCTS

Russian diesel-type fuel shipments from the Baltic port of Primorsk in September fell to 222kbpd, down from 381kbpd in August, amid Moscow’s ban on diesel exports since 21 September according to Bloomberg.

  • The monthly drop marks the biggest month-on-month decline since at least 2016.
  • Despite the ban, shipments from the port were up on the year and stood at around 170kbpd in September 2022.
  • Russian refiners reduced daily processing rates in September to the lowest since May amid seasonal maintenance. Primary crude processing averaged 5.38mbpd from Sept. 1 to Sept. 27, according to a person with knowledge of the matter. That’s about 173kbpd lower than the average for most of August.
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