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Russian STS Activity for Urals Jumped in Feb

OIL

Russian Urals oil transfers via ship-to-ship (STS) facilities near European states rose 7% in February from January on a daily basis according to Refinitiv.

  • Around 1.66 million tonnes of Russian Urals oil were transferred via STS facilities compared with 1.71 million tonnes in January.
  • Ceuta, north Africa and Kalamata off Greece emerged as the hot spots for the Russian STS activity.
  • Deliveries of Urals from Kalamata rose in February to 1.23 million tonnes from 0.65 million tonnes in January - by 109% on a daily basis, and from Ceuta fell to just 0.19 million tonnes from 1.06 million tonnes - down 80% from January.
  • In February, 140,000 tonnes of Urals were also transferred via STS near the Moroccan Mediterranean city of Al Hoceima and 100,000 tonnes in the Baltic near Russia's Kaliningrad.
  • Preliminary data for March 1-10 does not yet show shipments of Urals oil from Russian ports to any STS facilities.
Energy BulletsCommodities
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