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FSU Oil Trade in November 2012

Source: OPEC 12/19/2012, Location: Asia

Total crude oil exports from the former Soviet Union (FSU) declined by 77 tb/d or 1.18% in October to average 6.4 mb/d. Crude exports through Russian pipelines fell by 68 tb/d or 1.6% to average 4.3 mb/d. Shipments from the Druzhba pipeline dropped by 7 tb/d or 0.7% to average 1.0 mb/d. Black Sea exports saw an increase of 34 tb/d or 4.2% to average 847 tb/d, while exports from the Baltics declined by 65 tb/d or 3.4% to average 1.8 mb/d in October. Loadings of the CPC blend dropped 124 tb/d or 18% from a month earlier to average 564 tb/d.

Total FSU product exports declined by 448 tb/d or 14.9% from the previous month to average 2.6 mb/d. This drop was driven mainly by a fall in exported volumes of gasoline, gasoil, fuel oil and VGO, while exports of naphtha and jet fuel increased.

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