Primorsk Diesel Exports Slide in May
Vortexa Snapshot: Primorsk Diesel Exports Slide in May
- Diesel exports from Primorsk are on track for a multi-year low in May. Only 590,000 mt (190,000 b/d) has left the Russian Baltic port so far this month (1-23 May).
- Observed monthly exports, on a b/d basis, have not been lower since 2016. Around 880,000t (210,000 b/d) was scheduled to load from the port this month.
- Q2 refinery maintenance and the reported shutdown of the 180,000 b/d Antipinsky refinery in late April has restricted exports – Primorsk is the single largest exporting port of Russian diesel.
- Poland has imported three cargoes this month, compared with one in April. And Germany’s share of Primorsk exports currently stands at around 40%, up from around 30% last month.
- The uptick in Poland and Germany import activity could be tied to recent Russian crude contamination issues as both nations have refineries receiving crude from the Druzhba pipeline.