Russia’s seaborne diesel and gasoil exports surged by nearly 40% in December from November to about 3.41 million metric tons, driven by higher fuel production and a seasonal drop in domestic demand, data from market sources and LSEG showed.

Exports of ultra-low-sulphur diesel via Primorsk, Russia’s biggest outlet for diesel shipments, climbed 35% month-on-month to 1.7 million tons as major suppliers boosted output and supplies, the sources said.

Diesel and gasoil loadings from southern ports Tuapse and Novorossiysk jumped almost 60% last month from November after local refineries ramped up shipments.

Turkey remained the biggest buyer of Russian diesel and gasoil last month, with imports roughly steady at 1.1 million tons, while shipments to Brazil surged to 600,000 tons from 230,000 tons in November, LSEG data showed.

Diesel loadings to Morocco rose sharply to 321,000 tons from 70,000 tons in November.

Supplies to ship-to-ship transfers near Limassol, Malta, and Port Said, Egypt, totalled nearly 0.5 million tons last month. The final destinations of these cargoes remain unclear.

Several tankers carrying a total of about 310,000 tons of diesel from Russian ports have yet to declare their discharge ports, according to LSEG data.
Source: Reuters