Russian Fuel Exports Head for Eight-Year Low Amid Weak Refining
- October fuel flows on course for the lowest level since 2016
- Diesel, naphtha and fuel oil lead slump in product shipments
Freight wagons filled with petroleum fuel in Nizhnekamsk, Russia.
Photographer: BloombergThis article is for subscribers only.
Russian oil-product exports are on course to hit the lowest in at least eight years this month amid a sharp drop in refining activity.
Seaborne fuel shipments averaged about 1.9 million barrels a day in the first 20 days of October, according to data compiled by Bloomberg from analytics firm Vortexa Ltd. That’s down 11% from the previous month and slightly less than in August, when flows hit the lowest in data going back to the start of 2016.