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Russian Western Faced Crude Exports Revised 10% Higher After Attacks

OIL

Russian oil exports via its western ports are revised 10% higher due to refinery attacks according to Reuters sources.

  • The exports will rise by almost 200,000 bpd this month against the monthly plan to 2.15 million bpd.
  • Baltic Urals supply will increase this month due to the appearance of two additional cargoes from Rosneft and Tatneft, according to the sources.
  • In Novorossiisk additional tanker positions were added by Rosneft and Lukoil they added.
  • Further strikes on Russian refining infrastructure over the weekend may support Russian crude exports further according to the sources.

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