08.11.2023, 20:13
Russia decided to reduce oil exports from Western ports
Source: OREANDA-NEWS
OREANDA-NEWS Russia has cut its November oil export plan from western ports. This is reported by Reuters with reference to sources in the industry.
At the end of autumn, it was decided to reduce the volume of supplies from 2.3 to 2 million barrels per day. This measure is connected with the plans of Russian companies to increase the load of oil refineries (refineries) and a corresponding reduction in the volume of raw materials for export. Shipments of Urals, REBCO and Siberian Light crude oil from the ports of Novorossiysk, Primorsk and Ust-Luga in November will amount to 8.42 million tons. Last month, the figure was 9.9 million tons.
One of the reasons for the revision of the shipment plan, sources call a temporary ban on fuel exports. Its timing was not known, so manufacturers were forced to adjust on the go.
At the end of autumn, it was decided to reduce the volume of supplies from 2.3 to 2 million barrels per day. This measure is connected with the plans of Russian companies to increase the load of oil refineries (refineries) and a corresponding reduction in the volume of raw materials for export. Shipments of Urals, REBCO and Siberian Light crude oil from the ports of Novorossiysk, Primorsk and Ust-Luga in November will amount to 8.42 million tons. Last month, the figure was 9.9 million tons.
One of the reasons for the revision of the shipment plan, sources call a temporary ban on fuel exports. Its timing was not known, so manufacturers were forced to adjust on the go.
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