Russian Diesel Flows Are Lowest in Years as Drones Hit Refiners

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomePMN BusinessRussian Diesel Flows Are Lowest in Years as Drones Hit RefinersRussian diesel exports dropped to a fresh multiyear low in early August as Moscow restricted fuel exports in the face of attacks on the country’s refineries.Author of the article: You can save this article by registering for free here. Or sign-in if you have an account.b36sk1smnuh3f3s0cia]i71l_media_dl_4.png Vortexa data, compiled by Bloomb(Bloomberg) — Russian diesel exports dropped to a fresh multiyear low in early August as Moscow restricted fuel exports in the face of attacks on the country’s refineries.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountDiesel and gasoil exports fell to just 80,000 barrels a day in the first seven days of August, less than a previous low in July, according to Vortexa Ltd. data compiled by Bloomberg. Shipments were above a million barrels a day at the end of last year.The Kremlin imposed a diesel export ban in early July and later extended it through Sept. 1, though it excludes shipments under intergovernmental agreements. The supply squeeze has helped to push European diesel prices to multiyear highs and tightened global fuel markets already strained by disruptions from the US-Iran war.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againMore broadly, stronger fuel oil and naphtha shipments lifted overall oil product exports. Seaborne shipments of major refined fuels were about 1.3 million barrels a day in the period, rising 33% from a July slump that marked the lowest monthly level since at least early 2022. Restrictions on gasoline and diesel exports may have sharpened the incentive to boost other fuels.Russia’s crude throughput was 3.9 million barrels a day in July, near the lowest in more than two decades, the International Energy Agency said on Aug. 12. Runs are expected to recover only marginally to 4.4 million barrels a day by December if Ukrainian attacks continue broadly in line with Russia’s ability to repair damaged refining equipment. Here’s a breakdown of oil product shipments from Russian ports in the period Aug. 1-7, compared with the daily average for the whole of July:Russian diesel and gasoil shipments slumped 48% in early August from the previous low of 153,000 barrels set during July, with observed exports confined to Black Sea ports. Naphtha exports climbed by 68% to 511,000 barrels a day, the highest since March. Gasoline and blending component flows were about 36,000 barrels a day. Jet fuel shipments surged to 49,000 barrels a day, the highest since November 2023.Fuel oil shipments gained 21% to about 571,000 barrels a day, the highest since May. Flows of refinery feedstocks, which include vacuum gasoil, rose to about 46,000 barrels a day.NOTE: Cargo volumes and destinations are likely to be revised as more shipments are observed for the rest of the month.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.