Russia to Boost October Ust-Luga Urals Crude Exports to RecordJake Rudnitsky and Sherry Su
Russia plans to increase its Urals crude shipments from Ust-Luga to a record in October, raising total exports from two Baltic Sea ports to a one-year high, a final loading program obtained by Bloomberg News showed.
Combined exports from Primorsk and Ust-Luga will total 7.591 million metric tons, or 1.79 million barrels a day, the most since October 2012, according to the plan.
Loadings from Ust-Luga will be 2.5 million tons, compared with a revised 2.197 million tons for September. Two crude slots of 100,000 tons each are not allocated.
Ust-Luga exports for September were revised down from 2.297 million tons after one cargo was added and two free positions weren’t filled.
Urals shipments from Primorsk will be 51 cargoes totaling 5.091 million tons, according to the schedule. This is the most since April, and compares with 4.49 million tons this month.
Exports of Urals from Novorossiysk on the Black Sea will be 2.91 million tons, down from 2.945 million tons for September, according to the plan. This includes 11 consignments of 135,000 to 145,000 tons each and 17 lots of 80,000 to 85,000 tons each, the plan showed. Two shipments of 80,000 tons of Siberian Light will also be exported from this port next month.
The final loading program for October is unchanged from the preliminary plan released earlier today.
Loading programs are monthly schedules of crude shipments compiled by field operators to allow buyers and sellers to plan their supply and trading activities.