Russia Pencils In Lower Seaborne Exports for December

摘要

Seaborne exports from Russia's key export outlets on the Baltic and Black Seas -- as well as the Far East Sea of Okhotsk -- should drop by 262,000 b/d next month, which traders mainly attribute to higher margins on the domestic market. Russian pipeline monopoly Transneft has penciled in seaborne crude oil exports at 2.54 million barrels per day (10.73 million metric tons) for December, down from 2.8 million b/d scheduled for this month, according to final port loading schedules issued on Thursday.