Russian Diesel And Gasoil Exports Rise In June

Russia’s seaborne diesel and gasoil exports are set to rise in June as the end to annual refinery season supports oil products output, data from traders and Refinitiv Eikon showed.

• Total diesel and gasoil exports from Russian ports rose in the first half of June by 5% to the same period in May to about 1.5 million tonnes, while ultra-low diesel exports increased almost by 15% to about 1.1 million tonnes According to Refinitiv data and Reuters calculations.
• Vortexa puts diesel and gasoil exports in the first 10 days of June at 1mbpd, up by 12% from May levels.
• Russia’s offline primary oil refining capacity is expected to rise by 0.7 million tonnes in June from previous plan to 3.7 million tonnes, but still would be below the offline capacity in May, when it reached 4.95 million tonnes, Refinitiv data shows.
• In June, Turkey remains the top destination for diesel exports from the Russian ports, accounting for a third of supplies, Refinitiv data shows.
• About 150,000 tonnes of diesel from the Russian ports were sent to Brazil since the start of June, another 93,000 tonnes and 70,000 tonnes - to Morocco and Ghana, respectively.