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Russian Crude Loadings at Its Western Ports Ticks Up

OIL

Crude Exports from three major Russian ports on the Baltic and Black Sea look set to increase to 2.03m b/d in March, according to Bloomberg.

  • This is up from 2.03m b/d in Jan and Feb, and 2.11m b/d in December.
  • Urals loading from Primorsk are seen at 3.3m mt, equivalent to 780k b/d. This compares to 834k b/d in February.
  • Urals exports from Ust-Luga are seen at 3m mt, or 709k b/d.
  • Crude loadings from Novorossiysk are forecast at 2.3m mt, equivalent to 544k b/d. This is up slightly from 531k b/d in February.
  • Russian origin cargoes typically constitute 90% of the loadings from these ports.
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Crude Exports from three major Russian ports on the Baltic and Black Sea look set to increase to 2.03m b/d in March, according to Bloomberg.

  • This is up from 2.03m b/d in Jan and Feb, and 2.11m b/d in December.
  • Urals loading from Primorsk are seen at 3.3m mt, equivalent to 780k b/d. This compares to 834k b/d in February.
  • Urals exports from Ust-Luga are seen at 3m mt, or 709k b/d.
  • Crude loadings from Novorossiysk are forecast at 2.3m mt, equivalent to 544k b/d. This is up slightly from 531k b/d in February.
  • Russian origin cargoes typically constitute 90% of the loadings from these ports.