Free Trial

OIL PRODUCTS: Tuapse Oil Product Exports Hold Up for March

OIL PRODUCTS

Russian oil product exports from the Black Sea port of Tuapse are set at 798,000 metric tons in March compared to 799,000 tons scheduled for February which is a shorter month sources told Reuters  on Monday.

  • The market is watching oil product exports from the port after it was struck by Ukrainian drones last week, while any damage from the attacks is unclear.
  • The refinery temporarily halted crude imports last Wednesday after the attacks a Bloomberg source reported.
  • The refinery has been a key target of attacks by Ukraine and is a significant diesel and fuel oil export hub, though flows from its western facing ports face longer journeys to market in the sanction’s era. 
113 words

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.

Russian oil product exports from the Black Sea port of Tuapse are set at 798,000 metric tons in March compared to 799,000 tons scheduled for February which is a shorter month sources told Reuters  on Monday.

  • The market is watching oil product exports from the port after it was struck by Ukrainian drones last week, while any damage from the attacks is unclear.
  • The refinery temporarily halted crude imports last Wednesday after the attacks a Bloomberg source reported.
  • The refinery has been a key target of attacks by Ukraine and is a significant diesel and fuel oil export hub, though flows from its western facing ports face longer journeys to market in the sanction’s era.