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Urals Loadings From Two Baltic Ports To Rise in Early-Sept

OIL

Urals crude loadings from the Baltic ports of Primorsk and Ust-Luga are expected to rise in the first ten days of September, compared with a month earlier, according to partial loading program.

  • Russia is planning to ship a total of 23 cargoes with each 100k tons of Urals on 1-10 September, or 1.69mbpd, compared with 16 cargoes for the same period in August.
  • Loadings from Primorsk are planned at 14 cargoes in the first ten days of September, compared with eight cargoes a month ago. Exports from Ust-Luga for the same period are planned at nine cargoes, up from eight a month ago.
  • Loading schedules for crude for the remainder of the month and from Novorossiysk in the Black Sea for September have not yet been published.
  • Russia is planning to cut its crude oil exports by 300kbpd against June levels in September, Russian Deputy PM Alexander Novak said earlier today. This would equal around 3.1mbpd of total crude exports according to Bloomberg ship tracking data.
Energy BulletsCommodities
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