The Russian Federation plans to reduce diesel exports to a five-month low in April
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Russia plans to cut daily diesel exports from key western ports to a five-month low, as Ukrainian drone attacks on refineries and seasonal maintenance have sharply reduced the pace of oil refining.
This is reported by the Bloomberg agency.
Diesel loadings from the country’s three main ports on the Black and Baltic seas, including some volumes from Belarus, are likely to fall to about 2.29 million tonnes this month, according to industry data provided by Bloomberg.
That comes to just over 569,000 barrels per day, according to calculations based on data from exploration firm Kpler, down 21% from actual daily exports of about 724,000 barrels from the same ports in March.
Russia is cutting back on seaborne diesel shipments after weekly oil refining rates fell to a 10-month low due to Ukrainian drone strikes. Seasonal maintenance, which will last until the summer and temporarily reduce oil processing at some Russian refineries, is also putting pressure on diesel flows in the country.
The diesel export plan for April, provided by Bloomberg, shows only flows arriving at three key inland ports by pipeline. It does not include smaller volumes sent to export terminals by rail and outside the pipeline system for oil products of Transneft PJSC. Actual flows may vary depending on weather and demand from overseas customers.
We will remind:
Exports of diesel and gas oil from Russian ports last week, which ended on March 24, fell by 25% to 703,000 tons.
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