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Russian Refined Product Exports Slow

OIL PRODUCTS

Russia: Refined product exports fell 89kbpd month on month to 2.114mbpd so far in June with Gasoil/Diesel down the most as Russia keeps it for domestic use according to Petro Logistics.

  • Russia have found it easier to divert crude to the Asian market while refined product export options have been more limited. As a result, refined product exports from Russia have been tumbling since February.
  • The Novorossiysk port was closed due to bad weather earlier this week explaining lower fuel oil exports.

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Russia: Refined product exports fell 89kbpd month on month to 2.114mbpd so far in June with Gasoil/Diesel down the most as Russia keeps it for domestic use according to Petro Logistics.

  • Russia have found it easier to divert crude to the Asian market while refined product export options have been more limited. As a result, refined product exports from Russia have been tumbling since February.
  • The Novorossiysk port was closed due to bad weather earlier this week explaining lower fuel oil exports.