Russia’s Exports of Fuels Are Starting to Fire Up Again as Refineries Complete Maintenance
- Diesel shipments this month have jumped by 36% from May
- Fuel oil exports are poised to climb to a 7-month high in June
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Russia’s exports of refined fuels continued to increase in the past week, suggesting a ramp up in crude-processing rates is filtering through into heightened shipments to overseas buyers.
Traders and analysts are scrutinizing every scrap of data to understand the extent to which Russia is sticking to a pledge to cut its output by 500,000 barrels a day. That has become harder to do because Moscow has made production data a state secret following the war in Ukraine.