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Russian crude exports from Western ports set to fall in July

Oil

Russia's crude oil exports from Baltic ports are scheduled to fall 13% m-o-m to 1.7M b/d, Argus reports. Exports of Urals crude from Baltic ports are expected to fall 22% m-o-m to 1.18M b/d, with terminal maintenance scheduled at Primorsk for 7-13 July and at Ust Luga for 14-21 July. Crude exports from Novorossiysk on the Black Sea are expected to increase by 16% m-o-m to 585K b/d (which includes four cargoes of Siberian Light).