Export of oil from the western ports of the Russian Federation will fall by 17.39%
Russian oil exports from the ports of Primorsk, Ust-Luga and Novorossiysk will drop to 1.9 million barrels per day in July.
Sea exports of Rosneft from Primorsk, Ust-Luga and Novorossiysk in July will drop to 1.9 million barrels per day — by 17.39%. For comparison, in June this indicator reached 2.3 million barrels per day, according to Refinitiv Eikon analysts.
The export of Russian oil is restrained by the increase in demand for the energy carrier in the domestic market and the general reduction in the production of raw materials.
Loading of Russian oil Urals and Kazakhstan’s KEBCO from the Baltic ports of Primorsk and Ust-Luga is fixed at 5.6 million tons, compared with 6.5 million tons in June.
Loading of Urals, KEBCO and Siberian Light oil grades from the Black Sea port of Novorossiysk is planned at 2.4 million tons in July, compared with 2.9 million tons in June.
USM recently wrote that Russian gas production fell by 19.3%.