Free Trial

Russian Seaborne Oil Products Exports Rose 3.8% m/m in July

OIL PRODUCTS

Russia's seaborne oil product exports in July rose by 3.8% month on month to 10.533 million metric tons as seasonal refinery maintenance slowed down, data from industry sources and Reuters calculations showed.

  • Fuel exports via the Baltic ports - Primorsk, Vysotsk, St. Petersburg and Ust-Luga - on a daily basis in July increased by 13.4% month on month to 6.016 million tons, data from market sources showed.
  • Exports via Russia's Black Sea and Azov Sea ports in July declined by 11.5% to 3.707 million tons, from 4.053 million in June.
  • Oil products loadings at Russia's Far East ports rose by 25.9% from June on a daily basis to 747,600 tons.
  • The country's offline primary oil refining capacity was at 2.458 million tons in July, down 37.3% from June.
  • Russia has been raising refinery processing rates in July before the country will halve its downstream subsidies from September onwards.

To read the full story

Close

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.