Russia Plans Big on Seaborne Exports in May

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
ss50893453-locations-russia-kozmino
348
  • Russia intends to keep drafting ambitious export schedules despite outcries about its ongoing war effort in Ukraine.
  • Port loading programs for May are penciled in at just under 2.8 million b/d, down a mere 85,000 b/d from April's preliminary schedule.
  • Rosneft is changing tactics and tendering crude for two months while also trying to get offtakers to pay in rubles.

Russia has put together an ambitious seaborne oil loading program for May, one aiming to show that the increasingly loud calls from the West to cease buying, and even boycotting, the country's barrels are more bark than bite.

Topics:
Oil Supply, Crude Oil
Wanda Ad #2 (article footer)
#
China's August oil demand picked up slightly from a five-month low in July. January-August oil demand rose 13% versus the same period of 2022.
Mon, Sep 25, 2023
The ban on exports of diesel and gasoline seems to be working as planned, pushing domestic gasoline prices down 10% and diesel prices down 15%.
Fri, Sep 22, 2023