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Russian Feb Crude Exports From Western Ports Edge Lower

OIL

Russian crude loadings from three western ports – Primorsk, Ust-Luga and Novorossiysk – stood at 2.02mbpd in February, mostly Urals grade, compared with 2.03mbpd in January, Bloomberg ship tracking and port agent data showed.

  • Primorsk loadings stood at 834kbpd this month, down from 946kbpd in January.
  • Ust-Luga loadings were at 657kbpd, up from 615kbpd in January.
  • Novorossiysk crude exports rose to 531kbpd this month, up from 474kbpd last month.
  • Around 720k tons of Kazakhstan-origin Urals was shipped in February, compared with 900k tons in January.

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