Ukrainian drone attacks cause record decline in russian diesel exports - Bloomberg
The decline in crude oil refining to a ten-month low has put additional pressure on domestic diesel flows in russia
According to data released by Bloomberg, russia plans to reduce its daily marine diesel exports in April to the lowest level in five months. The reason for this is the successful attacks by Ukrainian drones on the country's refineries. It is predicted that diesel shipments from russia's three main ports on the Black and Baltic Seas, as well as some volumes from Belarus, will decrease to about 2.29 million tons this month. That's about 569,000 barrels per day, down 21% from the real daily exports from these ports, which were about 724,000 barrels in March, according to Kpler.
"russia is cutting back on marine diesel supplies after weekly crude refining rates fell to a ten-month low due to Ukrainian drone attacks. Seasonal maintenance, which will last until the summer, is also temporarily reducing the throughput of some russian refineries, putting additional pressure on domestic diesel flows," the article reports.
Despite Western energy sanctions, russia has stopped supplying diesel to Europe. However, the decline in supplies from one of the world's leading producers could lead to higher prices in a market that is already suffering from the effects of attacks on shipping in the Red Sea and disruptions in regional refineries. However, russia does not intend to impose a ban on diesel exports, as stated by Deputy Prime Minister Alexander Novak on March 29.
"We produce enough diesel, twice as much as the domestic market needs," Novak said.
The diesel export plan for April, seen by Bloomberg, only takes into account flows delivered by pipeline to three key domestic ports. It does not include smaller volumes exported by rail and outside the Transneft system. Actual flows may vary depending on weather conditions and demand from foreign customers.