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Russia’s Crude Exports Set To Fall In June

Oil

Russia’s crude oil exports in June are scheduled to fall by 353K b/d m-o-m and 196K b/d y-o-y to an 18-month low of 2.60M b/d, Energy Intelligence reports. Exports from the country’s Baltic crude exports are expected to drop by 238K b/d to a 22-month low of 1.35M b/d, with shipments from Primorsk falling amid scheduled work to convert a crude pipeline to ship oil products. Exports from the Black Sea are projected to fall by 22K b/d from the prior month to 655K b/d. Exports from Kozmino are set to drop by 92K b/d from May to 595K b/d.