Turkey Remains Largest Buyer of Russian Diesel In June

Turkey remains the largest buyer of Russian diesel this month, while total shipments are set to rise after seasonal refinery maintenance, traders said and Refinitiv Eikon data showed.

• Russia has sent around 0.9 million tonnes of diesel to Turkey on 1-26 June, compared with 1.0 million tonnes for the whole of May, Refinitiv data shows. Around 320,000 tonnes of that are still in transit.
• Brazil was the second largest importer of Russian diesel totalling 280,000 tonnes for the period, compared with 450,000 tonns in May.
• In June to date, around 550,000 tonnes of diesel have headed from the Russian ports to Africa, mainly to Ghana, Morocco and Togo. This compares to 575,000 tonnes in the whole of May.
• Nearly 375,000 tonnes of Russian diesel are destined in June for STS loadings near the Greek port of Kalamata and also near Malta, Refinitiv data shows. of those cargoes end up in Turkey and Middle Eastern countries, market sources said.
• Last month, Russia exported 410,000 tonnes of diesel to Saudi Arabia, but so far in June there is no sign of cargoes to this destination.
• Russia’s estimated offline primary oil refining capacity for June could total 4.029 million tonnes versus 4.95 million tonnes in May.
• Total diesel and gasoil exports from Russian ports in the first half of May rose by 5% to the same period in May to around 1.5million tonnes according to Refinitiv data.