Russia’s refined fuel exports are on course to slump to a 15-month low, amid strong domestic demand for road fuels and as some products exceeded Group of Seven price caps.
The country shipped 2.24 million barrels of oil products a day in the first 20 days in August, down 14% from July’s total, according to Vortexa Ltd. data compiled by Bloomberg. That’s the lowest since May 2022 and about 5% below year-earlier levels, when Europe was still the biggest market for Russian fuels.
Oil product flows have also declined this month despite elevated crude-processing rates in the first half of August. Russian crude exports have dropped the lowest since January after an unexplained slowdown at its Black Sea port of Novorossiysk, along with its pledged production cuts. Here’s a breakdown of Russia’s seaborne fuel exports from its western and eastern ports for the Aug. 1-20 period, according to the Vortexa data compiled by Bloomberg as of Thursday:
Naphtha exports have dropped to 371,000 barrels a day, down 22% from levels observed for the same month last year, with a big slide in cargoes heading to Asia and the Middle East. Jet fuel flows inched higher to almost 30,000 barrels a day.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Returning QBs Fajardo, Collaros go head-to-head to kick off Week 12 in CFLWeek 12 in the CFL kicks off with the Alouettes hosting the Blue Bombers, a game that will see the return of Cody Fajardo and Zach Collaros for Montreal and Winnipeg respectively. SportsCentre takes a closer look at the biggest storylines ahead of this week's action.
Read more »
Brazil proposes yuan guarantees for exports to Argentina, finance minister saysJOHANNESBURG (Reuters) - Brazil has submitted a proposal to Argentina aimed at securing Chinese yuan guarantees for Brazilian exports to the ...
Read more »
Israeli Energy Minister Agrees to More Gas Exports for EgyptIsrael will export more natural gas to Egypt from its Tamar field in the Mediterranean, a decision that will increase national revenue and strengthen ties with its neighbor, according to Israeli Energy Minister Israel Katz.
Read more »
Brazil Pitches Plan to Guarantee Exports to Argentina in YuanBrazil’s government has proposed a plan to Argentina that would use yuan to guarantee export payments in order to bypass its neighboring nation’s serious cash shortages and keep trade flowing, according to Finance Minister Fernando Haddad.
Read more »
German former executive arrested for exports to Russian arms makerBERLIN (Reuters) - The former head of a German precision tools manufacturer has been arrested on suspicion of providing banned dual-use goods to the ...
Read more »
Thai exports drop more than forecast in July, seen rising in Q4By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) - Thai exports shrank for a 10th consecutive month in July, and by a far bigger rate ...
Read more »