Free Trial

Russia's Western Facing Ports to See Crude Exports Slip 1mn tons in May

OIL

Oil exports from Russia’s Western ports are expected to slip to 8.5 million tons in May from 9.5 million in April according to Reuters sources.

  • They are falling in response to refineries returning from maintenance and OPEC pledges.
  • Urals and KEBCO oil loadings from Russia's Baltic ports of Primorsk and Ust-Luga in Mayare seen at 3.4 million and 2.8 million tons.
  • The Black Sea port of Novorossiisk plans to load 2.3 million tons of Urals, KEBCO and Siberian Light crudes.
  • The attack on the Volgograd refinery over the weekend, knocking out the main CDU, has not impacted Mya loadings so far.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.