MNI China Daily Summary: Wednesday, June 19

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Russian Crude Exports From Western Ports to Rise to 3-Month High

OIL

Russian crude exports from three western ports will rise to 8.92m tons, or 2.18mbpd, in September, according to loading programs, the highest level since June.

  • This compares with 1.83mbpd and 1.79mbpd in July.
  • Crude exports were expected to rise this month as Russia’s aims to reduce exports by 300kbpd in September, compared with a reduction of 500kbpd in August.
  • The largest increase in exports comes from the Baltic ports of Primorsk and Ust-Luga that will rise by 0.9mn tons on the month to 6.4mn tons.
  • Crude exports from the Black Sea port of Novorossiysk will rise to 2.52m tons in September, up from 2.22mn tons in August.
Energy BulletsCommodities
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