Russia’s Baltic Sea Urals Crude Shipments to Decline 15% in MayJake Rudnitsky
Russia, the world’s largest energy exporter, plans to ship 1.66 million barrels a day of Urals crude from two export terminals on the Baltic Sea in May, a 15 percent drop from April, a preliminary loading program showed.
The port of Primorsk plans to export 48 lots totaling 4.806 million metric tons next month, the schedule obtained by Bloomberg News showed. Ust-Luga will ship 22 cargoes of 100,000 tons each. Each port has one unassigned slot of 100,000 tons.
Less crude will be available for export after the end of Russia’s seasonal refining maintenance, which is expected to peak this month, according to data from the Energy Ministry’s CDU-TEK central dispatch unit.
Exports from Novorossiysk on the Black Sea will be 3.265 million tons next month, or about 772,015 barrels a day, up 2.2 percent from this month. The May schedule includes four 80,000-ton cargoes of Siberian Light grade and 27 Urals lots.
Loading programs are monthly schedules of crude shipments compiled by field operators to allow buyers and sellers to plan their supply and trading activities.