The export of Russian oil products reached a three-month high despite sanctions.

The export of Russian oil products reached a three-month high despite sanctions
The export of Russian oil products reached a three-month high despite sanctions

According to an analysis by Vortexa Ltd., in May, the export of oil products from Russia could reach a three-month peak due to an increase in shipments of diesel fuel and fuel oil. This compensates for the slowdown in oil flows and other types of fuel.

On a daily basis, the export of diesel fuel and gasoil increased by 3% to nearly 966 thousand barrels, which is the highest result in the last three months. The flows of fuel oil also rose by 12% to 668 thousand barrels per day, although a slight decline was observed in Black Sea ports.

According to Vortexa analyst Mike Stroutmann: 'The increase in fuel oil shipments amid lower oil levels is the result of seasonal maintenance at oil refineries.'

The growth of oil product exports from Russia in May reflects the indicators of diesel fuel and fuel oil, compensating for the decline in other segments of the market. This shift may be related to planned maintenance at oil refineries and current structural changes in the fuel industry.


Read also

Advertising