Russia's Seaborne Exports to Slip in November

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  • Russia will see a decline in November seaborne exports as a large chunk of refinery capacity comes back on line after maintenance.
  • Baltic ports will see the largest decline in throughput due to planned maintenance in Ust-Luga.
  • Rosneft has strengthened ties with traders and agrees climate-related deal with Trafigura.

Crude oil shipments from Russia's main ports, including transshipments of Caspian volumes, have been penciled in at 2.51 million barrels per day for November, down by 73,700 b/d from the October plan, loading programs issued by Transneft show.

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