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Russian Western Port Volumes Set for 10% Rise March vs Feb

OIL

Crude oil exports and transit of Urals, KEBCO and Siberian Light oil grades from Russia's western ports are expected to rise 9% in March from February according to Reuters sources and calculations.

  • Russia's oil exports from its western ports, excluding Kazakhstan-sourced oil in transit, will increase by 4% on a daily basis. Initial plans suggested there would be a 10% drop.
  • March loadings are being driven by weather delayed volumes in February being pushed into March.
  • As a result, the total volume of Russian oil exports may reach about 9.6 million tonnes this month.

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