seaborne slide undermines transneft shipments

摘要

Overall crude exports from FSU countries dipped by around 3pc on the month to 6.96mn b/d (29.06mn t) in May. Rising supplies from the Caspian region failed to ofset lower shipments through Russia’s Transneft pipeline system. Transneft exports, including transit shipments, fell by 3.4pc from April’s six- month high to 4.18mn b/d (17.83mn t) in May, as Russian refneries emerged from maintenance. Loadings at Baltic ports fell by 6.6pc on the month to 1.29mn b/d (5.6mn t), with exports from Primorsk hardest hit.