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Calculations show that Russia's seaborne oil products exports in May rose 10.4% m/m.

Posted to Maritime Reporter on June 14, 2024

After seasonal and unplanned refinery maintenance and a lifting of the fuel export ban, Russia's seaborne product exports rose 10.4% in May, according to data from industry sources.

Reuters calculated that Russia's offline primary crude oil refining capability was down 27.9% compared to April. The data came from industry sources.

The Russian government lifted the ban on gasoline imports in May.

Data from market sources revealed that total oil exports via the Baltic port of Primorsk (Vysotsk), St. Petersburg (Ust-Luga) and St. Petersburg in May increased to 4.732 millions tons, an increase of 0.8% on a month-on-month.

In May, fuel exports through Russia's Black Sea port and Azov Sea port increased by 20.9%. They reached 4.002 millions tons.

Last month, oil products exported from Russia's Arctic Ports of Murmansk & Arkhangelsk rose 48.5% to 83,000 tonnes.

Reuters calculated that the fuel export loadings in Russia's Far East ports rose 22.4% from 787,400 to 787.400 tons between May and June, based on data from sources.