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Russian Diesel Exports from Western Ports to Rise in December


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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