Russia’s seaborne oil product exports down 10% m/m -sources, Reuters calculations

Russia’s seaborne oil product exports in February fell by 10.4% month on month on a daily basis, data from industry sources and Reuters calculations showed.

Volumes fell to 9.531 million tonnes from 11.781 million in January.

A full EU embargo on Russian oil products went into effect on Feb. 5.

Oil product exports via Russia’s Black Sea and Azov Sea ports fell by 20.5% to 3.229 million tonnes from 4.499 million, according to data from market sources, reflecting harsh stormy weather.

Its exports of fuel via the Baltic ports of Primorsk, Vysotsk, St. Petersburg and Ust-Luga fell by 4.1% on a daily basis to 5.665 million tonnes from 6.540 million in January.

Meanwhile, Russia’s Far East ports increased oil products export loadings by 18.9% on a daily basis to 576,000 tonnes from 536,000 tonnes.
Source: Reuters (Reporting by Reuters; editing by Jason Neely)