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Free AccessRussian Railway Gasoline Exports Fell 80% in 1H October
Russian exports of gasoline by railway in the first half of October declined by 80% month on month to 37,000tons, data from market sources and Reuters calculations showed, amid the ongoing ban on gasoline and ULSD exports since 21 September.
- The restrictions, which were eased in part last week, made an exception for fuel supplied under inter-governmental agreements, including with members of the Moscow-led Eurasian Economic Union.
- In the first 15 days of October, Russian refineries sent by rail to Kyrgyzstan and Tajikistan some 10,000 and 4,900 tonnes of gasoline respectively. Both countries have inter-governmental fuel supply agreements with Moscow. Mongolia was also exempt from the ban and Russian gasoline exports to the country were around 6,800 tonnes.
- Seaborne exports of gasoline and blending components in the first half of this month almost ceased to just 2.6kbpd, down from 139kbpd in September according to Vortexa data.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.