Russia's November seaborne diesel exports rise as production increases
Russia's seaborne diesel and gasoil exports rose in November on increased fuel production following a reduction in seasonal and unplanned refinery maintenance, LSEG and market sources data show.
Offline primary oil refining capacity in November stood at 2.4 MMt from 4.6 MMt in October, calculations based on data from industry sources showed.
A decline in idle capacity means refineries consume more feedstock to produce oil products.
In total, diesel and gasoil exports from Russian ports rose last month to around 2.83 MM tonnes, up 11% from October, based on LSEG shipping data.
Russia's November seaborne fuel supplies to Turkey rose by 9.4% from the previous month to 1.34 MMt, the data showed. Diesel exports to Brazil increased by 11% last month from October to 422,000 t, based on the shipping data.
Turkey and Brazil remain the main importers of Russian diesel since the European Union's full embargo on fuel imports from Russia went into effect in February 2023.
Diesel and gasoil exports to African countries in November stood roughly at October levels of 550,000 tons. Ghana, Tunisia and Egypt were among the top importers, shipping data showed.
Tankers carrying around 270,000 tons of Russian diesel are bound for ship-to-ship transfers near the Italian port of Augusta and the Greek islands. Those cargoes are underway, and their final destinations are as yet unknown.
Comments