Links to previous press releases are below. We welcome bona fide press enquiries, please email for further information
Russian Seaborne Crude Exports Drop in November
Monthly crude oil exports from Russian seaborne terminals will ease in November at 2.689M b/d, down 4.8% or 137,000 b/d m-o-m and 5.6% or 161,000 b/d y-o-y. After four consecutive months of increasing exports, the monthly decrease comes amidst rising domestic consumption as refineries return from maintenance, with refining volumes expected to increase by about 635K b/d on the month according to newswires. Russian crude exports since May 2017, when the extension of OPEC/Non-OPEC production cuts was agreed, are down 96K b/d from the same time period one year ago.
The decrease is led by a drop at Primorsk on the Baltic, from where crude exports are down 15% m-o-m and 9.7% y-o-y at 1.37M b/d, while exports from the Black Sea are elevated at 0.66M b/d, up 17.8% m-o-m and about the same as one year ago, as temporary outages at Ceyhan and storm delays at the port of Novorossiysk dissipate.