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Russia Boosts Fuel Oil Exports While Diesel, Naphtha Flows Drop
Russian refined product exports climbed to a three-month high in early October as a surge in fuel oil shipments outpaced a drop in both diesel and naphtha flows. Average seaborne fuel flows rose to about 2.16 million barrels a day in the first ten days of October, according to data compiled by Bloomberg from analytics firm Vortexa Ltd. That’s a modest increase of about 24,000 barrels a day from the previous month and the highest since July. Russian oil shipments are a key metric for the market to gauge the country’s crude production since Moscow stopped releasing official output data. The drop in oil processing ... (full story)
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- Posted: Oct 15, 2024 12:56pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 131
