Overall crude exports from FSU countries rose by 6pc on the year in January-November, hitting a post-Soviet high of 6.82mn b/d (308.5mn t). The increase was driven by a surge in Urals shipments from Russia’s Baltic ports, growing exports of Russian Arctic grades and rising flows from the Caspian. Higher Russian crude production and favourable export economics resulted in a 12pc surge in seaborne Urals exports to nearly 2.2mn b/d in January-November — up by around 165,000 b/d from 2015. The growth came entirely from Russia’s Baltic ports of Primorsk and Ust-Luga, with Black Sea exports flat year on year at 609,000 b/d and Druzhba supplies also unchanged at just over 1mn b/d.
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