Russia’s Crude Exports Set to Fall as Diesel Production Rises
Russia's crude exports from its western ports could fall by as much as 200,000 barrels per day in November as refiners increase diesel production under Moscow's new agreement with Washington, according to preliminary loading…
Julianne Geiger is a veteran energy journalist and market analyst with more than a decade of experience covering the global oil and gas sector. Her…
Russia's crude exports from its western ports could fall by as much as 200,000 barrels per day in November as refiners increase diesel production under Moscow's new agreement with Washington, according to preliminary loading schedules cited by Reuters on Tuesday.
Two traders expect shipments from Russia's Baltic and Black Sea ports to decline by 100,000 to 200,000 bpd from October. The estimates include Kazakh crude transported through Russian pipelines.
Russian refineries have increased processing since the October 9 diesel agreement between Presidents Donald Trump and Vladimir Putin, helped by the return of facilities from maintenance. Moscow has issued new diesel export quotas after restricting shipments earlier this year to address domestic fuel shortages, while Washington has eased sanctions on Russian fuel exports.
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