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Free AccessRussian Diesel Exports from Western Ports to Increase in June
Russian diesel loadings from the Black and Baltic Sea ports are expected to increase by nearly 31% in June to 2.12m tons (or 527kbpd) compared to 1.67m tons in May according to Bloomberg.
- The increase comes as some refineries are likely to resume full operations after spring maintenance.
- Russian refiners could bring back their primary crude-processing units as well as hydro-treatment and hydrocracking units and exports could be encouraged by an expected curb of subsidies for the domestic market according to independent oil-products analyst Mikhail Turukalov.
- A rebound in diesel flows from Belarus suggesting refinery maintenance is near completion is adding to the planned export increase.
- Planned exports, in millions of tons:
- from Primorsk: 1.422 in June vs 1.081 in May
- from Vysotsk: 0.223 vs 0.227
- from Novorossiysk: 0.474 vs 0.364
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.