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Russia's crude exports set to rise in June as Baltic supplies increase

Oil

Russia's seaborne crude oil exports are set to increase by 143K b/d m-o-m and 192K b/d y-o-y to average 2.59M b/d, Energy Intelligence reports. Overall exports were boosted by an increase in supplies from Baltic ports, with volumes jumping 236K b/d m-o-m and 211K b/d y-o-y to 1.49M b/d. Cargoes from Novorossiysk, however, are expected to drop both m-o-m (41K b/d) and y-o-y (142K b/d) to 513K b/d. Exports from Russia's Far Eastern port of Kozmino edged downwards by 52K b/d m-o-m but climbed 122K b/d y-o-y to 586K b/d.