FSU Oil Trade in June 2012

Source: OPEC 8/6/2012, Location: Asia

Total FSU crude exports dropped by 463 tb/d to average 6.4 mb/d after reaching a record level in April 2012. The decrease of export volumes in May was attributed to the increasing demand from local refineries and supported by high profitability. Russian pipeline crude exports dropped as well by 147 tb/d or 3.3% m-o-m to average 4.4 mb/d. The supply of Russian blend to China fell by 3.2% to 299 tb/d. Likewise, exports from Kozimino saw a similar decline of 3.1%. Both CPC and BTC crude exports had declined by 20.2% and 12.2%, respectively.

Kazakh crude rail exports reached their lowest levels this year by losing 58 tb/d to average 110 tb/d resulting in a m-o-m decline of 34.5%. Ural exports through the Baltic decreased by 5.6% to average 1.8 mb/d, while exports from the Black Sea decreased by 7.8% to average 836 tb/d. Total FSU products exports declined in May by 6.4% or 619 tb/d to stand at 9.1 mb/d. The decline in products exports was seen across all products with the exception of vacuum gasoil, which saw an increase of 10.5% over the previous month.

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