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Free AccessRussian Diesel Exports Could Fall by 200kb/d in 2023: ESAI Energy
Russian diesel exports could fall by 200kb/d this year to 575kb/d according to consultancy ESAI Energy.
- The decline is driven by the EU’s ban and the G7 price cap which came into effect on 5 Feb.
- Supply to Turkey is expected to double to 220k b/d as Russia will be able to divert only half of the 400kb/d exports to Europe.
- Other buyers of Russia diesel include Morocco, South Korea, Singapore and Brazil.
- Re-exports through Middle East will be limited due to low diesel refining costs in Saudi Arabia, UAE and Kuwait.
- Russian crude throughput is forecast to fall by over 500kb/d to 4.9mb/d.
To read the full story
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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.