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Russian Exports Poised for October Increase

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  • Russia's seaborne exports of crude oil in October are poised to rise by 318,000 barrels per day compared to September.
  • Russian crude production is on the rise as Opec-plus tapers restrictions, while the domestic refining sector is in the midst of a heavy maintenance season.
  • Oil companies might be forced by the state to secure domestic market needs during the month, which would lead to changes in preliminary export schedules.

Seaborne shipments from Russian key export terminals in October are expected to rise by a hefty 361,000 barrels per day compared to September and reach 2.58 million b/d (10.94 million metric tons), port loading programs issued by national pipeline operator Transneft show.

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