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Russian Diesel Exports from Western Ports to Rise in December

DIESEL

Russia is expected to increase exports of diesel from major western ports by 681kbd in December, an increase of 28% from last month up to 2.83m tons according to Bloomberg based on Kpler data.

  • The rise to the highest since July is supported by the further easing of government export restrictions and with November Black Sea loadings pushed back by storms.
  • “If the plan materializes in full, the growth will be driven by rebounding domestic oil-processing and lifting of key restrictions on diesel exports,” said Viktor Katona at Kpler.
  • Diesel shipments from the three western ports were lower than planned in November with loadings in Novorossiysk halted for at least 17 days by storm alerts, according to Transneft PJSC.

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