Subscribe | Register | Log in | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
Related Articles
Have India’s imports of Russian crude peaked?
Russia has leapfrogged Mideast sources to become India’s largest supplier, but flows may be poised to plateau
Oil market poised for China showdown
China puts the strategic in SPR as it looks to utilise record oil storage
China pumps record crude despite economic headwinds
Record domestic production and high imports contrast with weak economic growth to raise the question of how much more crude China can store
India’s SPRs could be too little, too late
A greater focus on oil security may not be enough to deliver a comprehensive strategy for the net importer’s strategic petroleum reserves
East Asian LNG demand may not threaten Europe
Risks persist, particularly those related to weather, which could tighten gas availability for Europe
Outages could drive renewed European gas price volatility
Europe is better prepared than last winter, but risks remain
A red flag for security of Russian oil supplies
Internal strife and a prolonged war in Ukraine threaten a precarious balance that has kept oil flowing
Gas jostles for vital role in China’s energy mix
The fuel has lost ground to coal and renewables but is seen as key to balancing needs for energy security with long-term efforts to decarbonise
Gail feels effects of Russia fallout
Indian gas company’s profits nosedive due to non-supply from former Gazprom unit
Letter from Iran: Tehran's dreams and Moscow's deceptions
Russia is making a show of support for Iran as the two nations strengthen their ties, but the promised investment may never materialise
A tanker exiting Russian Sochi port
Diesel Europe China India Russia
Simon Ferrie
8 August 2022
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Russian seaborne crude exports slow

China and India remain the most important customers for Russian volumes

Russia exported less crude by sea last month amid slumping Sakhalin volumes and a possible increase in domestic refining activity. Europe, meanwhile, remains unable to wean itself of its dependence on Russian diesel. Russian seaborne volumes slowed to around 3.34mn bl/d in July, according to energy analytics firm Vortexa, down by 220,000bl/d from June and 420,000bl/d lower than the “Covid-era peak reached in April”, says Vortexa chief economist David Wech.  All Russian regions are exporting less, but the decline “is most pronounced in the Far East”, Wech explains. Sakhalin volumes have slumped as Moscow appears set on squeezing out its foreign partners, with exports declining to just above 5

Also in this section
Appalachia’s gas faces infrastructure challenge
26 September 2023
Bottlenecks continue to constrain gas-rich Appalachia, and relief may not be in the pipeline
Letter from Stockholm: Lundin trial could set corporate precedent
Opinion
22 September 2023
Former executives and a successor company are accused of complicity in Sudanese war crimes in what is now South Sudan
Refinery delays contribute to Abuja’s fuel challenge
21 September 2023
Nigeria’s downstream status quo changed forever with the end of fuel subsidies, but the flagship Dangote refinery has still yet to start operations
Canada’s west coast LNG projects gain momentum
20 September 2023
Geographical position, long-term demand and decarbonisation efforts continue to support the region’s burgeoning LNG sector

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2023 The Petroleum Economist Ltd
Cookie Settings
;

Search