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FSU Oil Trade in May 2014

Source: OPEC 5/21/2014, Location: Asia

In March, the FSU’s total crude oil exports declined by 101 tb/d or 2% to average 6.2 mb/d. Crude oil exports through the Russian pipeline decreased by 93 tb/d or 2% to average 4.2 mb/d. Crude oil exports from the Baltics and Druzba declined by 81 tb/d or 7% for each, while exports via the Black Sea, and Kozmino increased by 12% and 0.4%, respectively. Crude oil exports by Russian rail declined by 18%, while from Russia to the Far East and by Kazakh rail they saw gains of 40% and 73%, respectively in March.

On the other hand, the FSU’s total oil product exports declined in March by 191 tb/d or 5% to average 2,936 tb/d. Exports of gasoline, naphtha, VGO and gasoil all fell by between 5-24%, while fuel oil and jet volumes were higher than in the previous month.

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