Russia Boosts Petroleum Product Shipments as Refineries Ramp Up
- Refined fuel exports rebound by more than 18% m/m in November
- Naphtha and diesel outflows gain, while fuel oil flows dropped
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Russian oil-product exports rebounded in November to the highest in eight months as local refineries ramp up production with the end of autumn maintenance.
Seaborne fuel shipments averaged about 2.3 million barrels a day in the first 20 days of the month, according to data compiled by Bloomberg from analytics firm Vortexa Ltd. That’s 18% higher than in October, with elevated diesel and naphtha flows more than offsetting a drop in fuel oil.