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Russian Product Exports to Europe Soar in November

OIL PRODUCTS

In November, EU loadings of refined products from Russia rose by more than 500,000 barrels per day versus October to reach 1.4 million b/d — one of the highest levels this year according to Energy Intel citing Kpler flows.

  • Loadings of Russian diesel jumped by 300,000 b/d from the month prior to 790,000 b/d in November.
  • Russia's overall exports of products reached 2.8 million b/d in November — the highest level since February.
  • Russian sources indicate that the sharp rise in the country's diesel exports, after sluggish flows in September and October, is likely to continue in December.
  • Russian product flows are expected to remain robust towards Europe in until February 5.

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