Russian Seaborne Exports to Hold Steady

摘要

Crude exports from Russian seaports should hold steady at lower levels in June after a sharp drop in May when Russian producers reined in their output to comply with Opec-plus production cuts. Seaborne crude oil exports from outlets on the Baltic Sea, the Black Sea and the Sea of Okhotsk have been penciled in at 2.057 million barrels per day (8.42 million metric tons) for June, according to preliminary port-loading programs issued by Russian oil pipeline monopoly Transneft.