Economics

Export of petroleum products from Russia has fallen to a 17-month minimum-Bloomberg (infographics)

According to journalists, this situation happened after a temporary ban on the supply of diesel fuel and the fact that seasonal maintenance restricted oil refining. Exports of petroleum products from Russia has fallen to a 17-month minimum. Yes, it decreased to 2. 2 million barrels a day in the first 28 days of October. About it writes Bloomberg. According to journalists, this is the lowest since May 2022 and about 3% less than in September and the year earlier.

This situation happened after a temporary ban on the supply of diesel fuel and the fact that seasonal maintenance restricted oil refining. Yes, Russian oil refineries have not yet completed routine maintenance. It is reported that Russian exports are closely supervised by the oil market participants, as Moscow has stopped publishing official production data. Exports of diesel fuel continued to decline to 372,000 barrels a day.

Although the Government of the Russian Federation lifted a temporary ban on export on October 6, the flows were limited. Russia has allowed to restore deliveries, provided that the fuel would be delivered to the ports of the pipeline, and the refining plants will retain at least 50% of the diesel fuel produced for the domestic market. Earlier, the media reported that in 2023, it spent the total purchase of liquefied natural gas from the Russian Federation of EU in 2023.