MOSCOW (Reuters) -Russia's seaborne oil product exports in July were down 6.6% from June at 8.67 million metric tons amid planned domestic refinery maintenance and strong domestic demand, data from
Russia's July seaborne oil product exports down 6.6% m/m, Reuters calculation...
Overview of Russia's Oil Product Exports
MOSCOW (Reuters) -Russia's seaborne oil product exports in July were down 6.6% from June at 8.67 million metric tons amid planned domestic refinery maintenance and strong domestic demand, data from industry sources and Reuters calculations showed.
According to Reuters calculations based on data from industry sources, Russia's offline primary oil refining capacity for July rose to a maximum year-to-date level of 4.13 million metric tons, up 26% from 3.28 million tons in June.
Rising idle capacity points to decreasing fuel production and exports.
Monthly Export Trends
Total oil product exports in July via the Baltic ports of Primorsk, Vysotsk, St Petersburg and Ust-Luga fell by 5.4% month-on-month to 4.74 million tons, data from market sources showed.
Regional Export Performance
Fuel exports via Russia's Black Sea and Azov Sea ports last month decreased 10.5% on a monthly basis to 3.27 million tons.
Impact of Refinery Maintenance
Oil product exports from Russia's Arctic ports of Murmansk and Arkhangelsk last month fell 41.8% from June to 39,700 tons from 65,900 tons.
Fuel export loadings at Russia's Far East ports rose 15.3% month-on-month in July to 611,000 tons as local refineries completed seasonal maintenance, data from sources and Reuters calculations showed.
(Reporting by Reuters; Editing by Christina Fincher)
