Russia’s exports of oil products declined in the first week of October, with diesel flows dropping to a three-year low amid a ban on some shipments of the fuel for most of the period.
Diesel exports began to pick up after Oct. 6, when Moscow lifted its block on outflows of high-quality grades last month to stabilize domestic supplies. Shipments of naphtha and fuel oil increased during the week.
Refined petroleum product exports dropped to about 2.3 million barrels a day in the first week of October, down 91,000 barrels a day from the previous month, according to data compiled by Bloomberg from analytics firm Vortexa Ltd. Still, fuel flows remain marginally above the daily average for the same month seen last year.Shipments of Russian diesel and gasoil have tumbled to just 740,000 barrels a day, the lowest in three years, according to Vortexa data.
Gasoline and blending component flows slumped to just 17,000 barrels a day. Volumes dropped to the lowest since January 2017, amid the ban on the car fuel exports. No jet fuel cargoes were observed.
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