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Russia's Seaborne Oil Product Exports Slip 14.6% m/m in April

OIL PRODUCTS

Russia’s seaborne oil product exports fell 14.6% in April m/m to 8.415mn metric tons due to refinery maintenance, drone damage and export bans according to Reuters.

  • Russia's primary oil refining capacity - idled due to maintenance, outages and drone attacks, in April increased by 13.6% versus March.
  • Total oil product exports via the Baltic ports of Primorsk, Vysotsk, St. Petersburg and Ust-Luga last month fell by 17.5% versus March to 4.535 million tons.

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