Following the end of the refinery maintenance season, and the easing of domestic export restrictions, Russian fuel exports rebounded in November, according to a new Bloomberg report which cited Vortexa ship-tracking data.

According to the data, refined fuel shipments spiked to 2.2 million barrels per day (bpd) last month, increasing by roughly 164,000 bpd over October, when the shipments fell to a three-month low.

There was a 12% increase in diesel and gasoil shipments over the previous month, as shipments hit a three-month high of 894,000 bpd, following the easing of fuel restrictions by Moscow. The majority of the shipments headed to Africa and South America, especially Brazil, according to the data.

At the same time, the four-week average of seaborne crude exports from Russia fell to the lowest level since three months prior, as of December 3rd, following disruptions to shipments from storms in the Black Sea. Exports of oil products increased last month as a result of increased supplies of diesel and gasoline, according to the outlet.

Deliveries of fuel oil increased by roughly 4% to 727,000 bpd, as flows of refinery feedstocks like vacuum gasoil increased to a six-month high of roughly 149,000 bpd.

Meanwhile analysts have predicted that Russian diesel exports from Black and Baltic sea ports in December should reach the highest volumes seen since July.

Verified by MonsterInsights