The Russian Federation reduced the supply of oil in the Baltic Sea
23.01.2024 - 16:25
Sea deliveries of Russian oil fell to a minimum during two months
A storm and a fire at the Novatek terminal in the port of Ust-Luga provoked a reduction in the supply of Russian raw oil, writes Bloomberg.
Thus, from December 24 to January 21, Russia exported oil in the amount of about 3.36 million barrels per day (b/d), which is 50 thousand b/d less than the predicted figure. The weekly indicator decreased by 340 thousand b/d for the first time since the beginning of December, to 3.02 million b/d.
Read also: How tanker companies invent new loopholes for transporting Russian oil.
The volume of exports decreased due to bad weather in the Baltic Sea and a fire at the condensate processing plant, which is located next to the crude oil shipment terminal in Ust-Luz. So, on January 21, fuel loading was interrupted, due to which the delivery of one of the consignments was postponed to a later date.
At the same time, the value of Russian oil exports decreased from $1.52 billion to $1.38 billion over the past week. The average income over the past month fell by an average of $25 million per week.
As previously reported by USM, “Novatek” stopped working in the Russian port after the attack by Ukrainian UAVs.
