Gulf Oil and Gas accountACCOUNT

FSU Oil Trade in January 2012

Source: OPEC 2/18/2012, Location: Europe

Share |
Total FSU crude exports fell by 273 tb/d, or 4.1%, m-o-m to 6.40 mb/d in December. The fall might be attributed to the reduction in Transneft shipments through Baltic ports, a drop of 17.5%, or 178 tb/d, m-o-m, and Black Sea ports, a reduction of 11.5%, or 188 tb/d, m-o-m. Meanwhile, supplies from the far-eastern Kozmino terminal rose sharply by 23.4%, or 63 tb/d; the Druzhba system saw a moderate increase in exports of 2.7%, or 34 tb/d; and direct pipeline exports to China climbed by 5.4%, or 17 tb/d. This underpinned expectations that Russian producers would cut seaborne crude exports in February, in favour of more profitable domestic sales and deliveries along the Druzhba pipeline to Eastern Europe. Moreover, the planned launch later this year of the second leg of the 600 tb/d Baltic Pipeline System (BPS), which feeds Ust-Luga, is expected to put an end to Urals exports through the Polish port of Gdansk. Crude exports using the Baku-Tbilisi-Ceyhan (BTC) pipeline increased to 639 tb/d, or by 4.2%, in December after a planned production shutdown, which was caused by field maintenance in November. Shipments through Russia’s Transneft pipeline system declined by 5.6% to 4.23 mb/d. Exports of Kazakh crude to China through the Kenkiyak- Alashankou pipeline rose m-o-m in December by 4.9%, or 9 tb/d.

Exports of CPC Blend through the Caspian Pipeline Consortium (CPC) terminal at Novorossiysk were down by 62 tb/d, or 9.2%, m-o-m in December to stand at 615 tb/d. Exports of Sakhalin fell in December, bringing the overall figure from Russia’s far east to 247 tb/d, a decline of 9.9%, or 27 tb/d. Crude exports from Varandey terminal in northern Russia dropped to 51 tb/d from 53 tb/d. FSU total product exports were down in December by a marginal 1.1% to 2.39 mb/d, compared with the previous month. However, due to reduced domestic demand during the New Year holiday period, in particular, supplies of gasoline rose by 151 tb/d, or 84.1%. This was countered by decreases in jet fuel of 75.0%, or 3 tb/d; naphtha of 2.6%, or 5 tb/d; gasoil of 3.2%, or 22 tb/d; fuel oil of 2.8%, or 36 tb/d; and VGO of 16.0%, or 29 tb/d.

Oil News in Austria >>

United States >>  6/22/2017 - Preliminary data shows that US crude oil imports in May rose slightly, by 14 tb/d, from the previous month to average 8.2 mb/d. On an annual basis, US...
Iraq >>  6/21/2017 - Strong oil demand in the first four months of 2017 has been observed in Iraq; all main petroleum product categories registered double-digit percentage...

Iran >>  6/14/2017 - Iran produced 3.795 million barrels per day (bpd) of oil in May, an increase of 4,000 bpd from 3.791 million bpd in April, the Organization of the Pet...
Austria >>  6/13/2017 - The gradual recovery of the world economy continues and stronger-than-anticipated growth in 1Q17 has lifted the world GDP growth forecast for 2017 to...

Austria >>  6/13/2017 - World oil demand for 2016 was left unchanged from last month’s MOMR, with total world oil demand growth at 1.44 mb/d and total oil consumption at 95.1...
Austria >>  6/13/2017 - Preliminary data indicates that world oil supply up by 0.13 mb/d m-o-m in May to average 95.74 mb/d, higher by 1.48 mb/d, y-o-y.

Non-OPEC ...


Related Categories: Coal  Electricity  General  Natural Gas  Oil 

Related Articles: Coal  Electricity  General  Natural Gas  Oil 


Austria Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 |

More News

 

Oil & Gas Companies in Austria >>


Related Links

00 AL AT BE BG CH CY CZ DE DK ES FI FR GR HR HU IE IT NL NO PL PT RO SE SI TR UK
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.