Russia Lifts Seaborne Fuel Exports 10% to 4.2 Million Tonnes as Baltic Ports Reopen
Updated
Updated · Baird Maritime · May 19
Russia Lifts Seaborne Fuel Exports 10% to 4.2 Million Tonnes as Baltic Ports Reopen
8 articles · Updated · Baird Maritime · May 19
Russia shipped about 4.2 million tonnes of seaborne oil products in the first 15 days of May, up 10% from April as fuel loadings resumed at key ports.
The rebound was driven by inventories released after weeks of disruption from Ukrainian drone strikes, though traders said exports were still limited by refinery maintenance and stronger domestic demand.
Baltic terminals Primorsk and Ust-Luga gradually restarted after late-March fires at storage tanks halted shipments for several weeks; Primorsk diesel loadings reached 710,000 tonnes, roughly flat month on month.
Ukraine has doubled the number of Russian refineries it has targeted this year, hitting plants including Kirishi, Nizhny Novgorod and Perm, while repeated attacks on Tuapse forced some exports to be rerouted.
The recovery in fuel exports follows a separate improvement in crude flows, with Novorossiysk recently returning to full capacity and helping stabilize Russia's overall seaborne oil shipments.
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