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Russia’s May seaborne oil product exports up 10.4% m/m, calculations show

Monday, 17 June 2024 | 00:00

Russia’s seaborne oil product exports in May rose to 9.595 million metric tons, up 10.4% month on month, after seasonal and unplanned maintenance at refineries and a fuel export ban was lifted, data from industry sources and Reuters calculations showed.

Russia’s offline primary oil refining capacity at 3.392 million metric tons was down by 27.9% versus April, Reuters calculations based on data from industry sources showed.

In May, Russia’s government suspended a ban on gasoline exports until June 30.

Total oil product exports via the Baltic ports of Primorsk, Vysotsk, St. Petersburg and Ust-Luga in May rose to 4.732 million tons, up by 0.8% month on month, data from market sources showed.

Fuel exports via Russia’s Black Sea and Azov Sea ports in May increased by 20.9% to 4.002 million tons.

Oil products export supplies from Russia’s Arctic ports of Murmansk and Arkhangelsk last month rose by 48.5% to 83,000 tons.

Fuel export loadings at Russia’s Far East ports in May rose by 22.4% to 787,400 tons, data from sources and Reuters calculations showed.
Source: Reuters (Reporting by Reuters; editing by Jason Neely)

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