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FSU Oil Trade - September 2016

Source: OPEC 9/19/2016, Location: Asia

In July, total crude oil exports from the FSU were almost stable from the previous month. There was a slight decline by 8 tb/d to average 6,781 tb/d.

Crude exports through Russian pipelines saw a minor gain, increasing by 22 tb/d, or 0.5%, to average 4.2 mb/d. In the Transfneft system, Black Sea exports dropped by 100 tb/d, or 15%, to average 548 tb/d. Exports from the Baltics declined by a slight 2 tb/d to average 1.5 mb/d in July. Shipments from the Druzhba pipeline to Central and Eastern Europe increased by 72 tb/d, or 7%, to average 1,090 tb/d. Exports through Kozmino increased by 100 tb/d to average 676 tb/d in July.

Black Sea total exports went up by 102 tb/d mainly as Novorossiyk port terminal increased its exports by 64 tb/d to average 1.1 mb/d.

In the Mediterranean Sea, BTC supplies increased by 10 tb/d, or 1%, from the previous month to average 743 tb/d.

FSU total product exports dropped by 342 tb/d, or 10%, in July from the previous month to average 2.8 mb/d. This drop in product exports came as a result of a decline seen in all exported products with the exception of jet and VGO which increased from last month by 15 tb/d and 75 tb/d, respectively

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