Russia Plans to Ship 2.4% Less Oil From Three Ports in June

Russia, the world’s largest oil producer, plans to lower daily shipments of Urals crude from three Baltic and Black Sea ports by 2.4 percent in June, the preliminary loading schedules show.

Russia will ship 2.49 million barrels of oil a day from the Baltic ports of Primorsk and Gdansk and from Novorossiysk on the Black Sea, according to the preliminary loading program compiled by OAO Transneft, Russia’s oil-pipeline operator. Exports from the three ports were forecast to average 2.55 million barrels a day this month.

A total of 74.8 million barrels will load from the three ports next month, compared with 79.1 million barrels in the longer month of May, according to the schedule.

The complete loading schedules for the Black Sea ports of Yuznhiy and Tuapse were not yet available. The total volume of exports from those ports in May is scheduled to be 259,624 barrels a day. Loading plans are subject to change.

To contact the reporter on this story: Alexander Kwiatkowski in London at akwiatkowsk2@bloomberg.net;

To contact the editor responsible for this story: Stephen Voss on sev@bloomberg.net

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