Russia’s Diesel Cargoes Set to Surge After Lifting of Export Ban
- Flows from Russia’s western ports seen at 2.16 million tons
- The nation hikes flows as fuel prices at home have stabilized
A railway worker inspects a fuel wagon at the Zeletsyno train station near Nizhny Novgorod, Russia.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Russia plans to boost diesel shipments from its main western ports by more than half next month as the nation’s oil refineries processes more crude, its domestic fuel market stabilizes, and an export ban that roiled October flows is reversed.
Loadings from Russian ports on the Black and Baltic Seas, including some batches originating in Belarus, are set at a total 2.16 million tons for November, according to industry data seen by Bloomberg. That’s 56% above the October plan and Russia’s highest planned exports in three months.