OIL: Russia's Far East Ports Ship Record Crude Volumes: Platts
Nov-12 13:55
Russia exported record crude volumes from its Far Eastern ports in the week to Nov. 9, as Ukrainian drone strikes disrupted refinery operations and Western oil logistics, Platts said.
- Shipments totalled 12.4m bbl—up 40% week on week and the highest level on record—mostly from the port of Kozmino near Vladivostok.
- ESPO Blend crude accounted for 60% of exports, followed by Urals with 20%.
- The surge followed Ukrainian drone attacks on Russian oil facilities, including the Tuapse terminal and pipeline infrastructure in Central Russia, which pressured domestic refining capacity.
- Russia exported a total of 3.6m b/d in the same week, with India and China each taking about 1.4 million b/d.
- Platts noted that Far East ports now handle roughly one-third of Russia’s crude exports, up from 18% in 2021, reflecting Moscow’s long-term pivot toward Asian buyers amid tightening Western sanctions.
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