Russia Sells Cheaper Fuel Abroad and Pays to Keep Its Own Pumps Running Amid Ukraine’s Refinery Strikes, but Crude Money Still Flows
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8 Articles
Russia sells cheaper fuel abroad and pays to keep its own pumps running amid Ukraine’s refinery strikes, but crude money still flows
Russia's seaborne exports of refined oil products rose to a three-month high in September, but the growth came from cheaper fuel oil and naphtha as diesel shipments fell to their lowest in more than a decade, Bloomberg reported, citing Vortexa data. Russia kept diesel at home after Ukrainian refinery strikes and paid oil companies to supply its pumps, while high crude prices lifted its crude export earnings. During the ongoing deep-strike campai…
Russia’s oil product shipments climbed to a three-month high in September, even as diesel flows slumped because of a government export ban (soon to change after the deal with the US)
Total seaborne refined-product exports reached about 1.17 million barrels a day, with diesel weakness more than offset by stronger flows of fuel oil and naphtha, Vortexa data show.Shipments of diesel, or gasoil, tumbled 28% month-on-month...
The increase in sea exports was due to increased supply of oil and oil raw materials to the petrochemical industry.
The volume of marine exports of oil products from the Russian Federation last month reached a three-month high, despite a reduction in supplies of diesel fuel. In September, the total volume of marine exports of oil products was about 1.17 million barrels per day, Bloomberg reports. “The reduction in diesel exports more than offset the increase in supplies of fuel oil and petroleum raw materials to the petrochemical industry,” Vortexa data show.…
Russia increased its maritime exports of oil products to a three-month high, offsetting a drop in supplies of diesel fuel oil and petrochemical raw materials. What you know, read TSN.ua (news 1+1).
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