Russian Exports Set for May Hike

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.

Russian seaborne crude exports from major maritime outlets in May are poised to increase by a hefty 210,000 b/d from the previous month to 1.898 million b/d, port-loading programs issued by Transneft, the nation's oil pipeline operator, show. Including transit volumes from Kazakhstan, Azerbaijan and Turkmenistan, total seaborne exports from Russia have been penciled in at 2.238 million b/d, up by over 200,000 b/d on the month. Russia had planned for a decline in exports -- both by sea and pipeline -- for the second quarter, but seaborne exports have risen so far in April and are now poised to grow in May. Second-quarter export programs were, however, prepared before the Opec-plus decisions to ease production cuts (related).

Wanda Ad #2 (article footer)
Mounting risks threaten a predicted loosening of LNG markets by 2026, as the industry copes with cost inflation, labor shortages, construction delays and other challenges.
Thu, Sep 28, 2023
Turkey said crude exports via the Iraq-Turkey pipeline will resume this week, potentially bringing up to 500,000 b/d back to the market.
Mon, Oct 2, 2023