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Russian Western Ports Diesel Shipments to Rise 56% MoM in November

DIESEL

Russia is planning to boost diesel shipments from its western ports in the Black and Baltic Seas by 56% on the month in November to 2.16mbpd – including some batches originating from Belarus - as the nation’s oil refineries processes more crude, its domestic fuel market stabilizes and the export ban has been lifted according to Bloomberg.

  • Russia plans to increase diesel shipments from Primorsk to 1.47mn tons in November, from 0.969mn tons in October. Shipments via the port of Vysotsk are expected to rise to 0.407mn tons next month, from 0.18mn tons in October. Diesel exports via Novorossiysk are expected to rise to 0.282mn tons in November, up from 0.239mn tons this month.
  • The November plan seen by Bloomberg News only shows shipments of diesel delivered to ports by pipeline, which are permitted by the government decree. Actual flows may differ, depending on the weather and demand from overseas buyers.
  • Russia’s idle primary oil refining capacity is seen declining by 63% in November to 1.642mn tons according to Reuters.
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