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Russian Oil Product Exports Slip in May

OIL PRODUCTS

Russian oil product exports fell to 2.27 million bpd in May, down 13% m/m according to Platts vessel tracking.

  • Oil product exports from the country fell in part because of high levels of refinery maintenance which Platts placed at 1.6mn bpd offline as of May 19.
  • As a result of the slowdown in product exports, total seaborne Russian oil and oil product exports slipped to 6.14 million bpd in May.

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