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OIL: Russia Fuel Oil Loadings Fall 15% in February

OIL
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Russia's seaborne fuel oil and vacuum gasoil exports fell 15% m/m in February to around 3.3m metric tons as ongoing drone strikes on refineries impacts infrastructure and production, according to Reuters.

  • Exports were also limited by stormy weather and delayed loadings.
  • Russia's offline primary oil refining capacity was 2.28m tons in January rising to about 54% of capacity at 3.5m tons in February.
  • Russia’s crude-oil processing in the week through Feb. 26 fell nearly 225kb/d to a four month low at 5.14mb/d, according to Bloomberg.
  • Russia's Ryazan, Syzran, Saratov oil refineries were targeted and suspended oil processing in February while Tuapse and Ilsky were also targeted late in the month.
  • Fuel oil and VGO loadings from Ust-Luga fell 8% last month to around 1.5m tons, partly due to a halt to one of three loading berths after the Koala tanker ran aground, Reuters said.
  • Storms limited some loadings from Black Sea ports as exports fell 21% in February with loadings delayed to March.
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Russia's seaborne fuel oil and vacuum gasoil exports fell 15% m/m in February to around 3.3m metric tons as ongoing drone strikes on refineries impacts infrastructure and production, according to Reuters.

  • Exports were also limited by stormy weather and delayed loadings.
  • Russia's offline primary oil refining capacity was 2.28m tons in January rising to about 54% of capacity at 3.5m tons in February.
  • Russia’s crude-oil processing in the week through Feb. 26 fell nearly 225kb/d to a four month low at 5.14mb/d, according to Bloomberg.
  • Russia's Ryazan, Syzran, Saratov oil refineries were targeted and suspended oil processing in February while Tuapse and Ilsky were also targeted late in the month.
  • Fuel oil and VGO loadings from Ust-Luga fell 8% last month to around 1.5m tons, partly due to a halt to one of three loading berths after the Koala tanker ran aground, Reuters said.
  • Storms limited some loadings from Black Sea ports as exports fell 21% in February with loadings delayed to March.