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Russian Four-Week Average Oil Products Exports Rebound to 2.2mbpd

OIL PRODUCTS

Russian oil products exports on a four-week basis rebounded last week to average 2.2mbpd as of 10 December, led by higher exports of diesel and naphtha after exports restrictions were eased, refinery maintenance ended and Black Sea exports recovered after storms in the region, Vortexa data, cited by Bloomberg showed.

  • This is up by 88kbpd from the previous four-week period.
  • Weekly products exports stood at 2.6mbpd as of 10 December, the highest level since August.
  • Diesel and gasoil flows last week stood at almost 1.1mbpd, up by 3% on the week and the highest since August.
  • Weekly naphtha shipments more than doubled on the week to 595kbpd.
  • Gasoline and blending component shipments dropped by 9% on the week to 118kbpd.
  • Fuel oil shipments rose by more than 40% on the week to 709kbpd, while Russia exported no jet fuel last week.

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