Russian Seaborne Diesel, Gasoil Shipments Fell 27% MoM in Sept

Seaborne diesel and gasoil exports from Russian ports fell by 27% in September from a month earlier to about 2.76 million tonnes due to refinery maintenance and the country’s export ban on diesel, data from traders and LSEG showed.

• Idle primary oil refining capacity for September stood at 4.657 million tons, up 45% from August, according to Reuters calculations.
• Diesel loadings from the Russia’s Primorsk – the main outlet for Russian diesel exports - port fell by 46% on the month in September to 858,000 tonnes.
• Last month Russia temporarily banned exports of gasoline and diesel from 21 September to cope with a domestic shortage, but later lifted restrictions on bunker fuel and high sulphur gasoil.
• Russian pipeline operator Transneft stopped export shipments of diesel from Primorsk from 22 September. Three more cargoes of diesel totalling 113,000 tonnes were loaded in Primorsk between 27-30 September, due to an exception for volumes which had loading orders before the export ban.
• Turkey remained the main destination for Russian diesel and gasoil seaborne exports in September. Shipments fell by 42% on the month to around 960,000, LSEG data showed.
• Diesel loadings to Brazil fell by around 25% month on month in September to 470,000t, shipping data showed.