Russia seaborne oil exports to fall 3.4 pct in June

News was prepared under the information support of Online Daily Newspaper on Hellenic and international Shipping "Hellenic Shipping News".

29 May 2009

Russian seaborne oil exports in June will fall by 3.4 percent versus May on lower shipments from the Black Sea ports of Novorossiisk, Yuzhny and Odessa, a final export schedule showed. The schedule, obtained by Reuters, showed Urals exports from Black Sea ports URL-E will decline by 203,000 barrels per day, or 16.5 percent, versus May, due to maintenance work on the pipeline to Novorossiisk and lower shipments from Odessa and Yuzhny.
Total seaborne exports are expected to reach 11.2 million tonnes, or 2.74 million barrels per day (bpd), down by 98,000 bpd versus May and by 218,000 bpd versus the same month last year.
In the Mediterranean, Urals values reached their highest for more than seven years amid a tightening of supply and higher official selling prices of rival crudes, while traders expected Urals exports in June to fall versus May. [ID:nLQ957789]
Urals exports from Primorsk URL-NWE-E will be up by 7.4 percent versus May, while loadings in the Polish port of Gdansk will reach 330,000 tonnes.
Reuters compares the final seaborne export schedules on a month-to-month basis, as oil pipeline monopoly Transneft (TRNF_p.RTS: Quote, Profile, Research) often revises export schedules throughout the month.
Following is a final export schedule for June in millions of tonnes.

Source: Reuters