Fuel oil exports fall in first quarter

摘要

Russian fuel oil exports fell by just under a third on the year to 11.7mn t in the first quarter of 2016. Rosneft fuel oil exports decreased by 15pc to 5.6mn t. Exports from the company's refineries in Russia's far east - Angarsk, Achinsk and Komsomolsk - declined by 14pc to 1.4mn t. Trading firm Mercuria Energy was the main buyer, exporting cargoes to China. But Chinese demand has fallen sharply, leaving Mercuria struggling to shift its volumes, according to market participants.