Exports of Russian Oil Products Surge – Bloomberg
The outlet reports that fuel shipments have reached their highest levels in 11 months, largely due to increases in diesel and fuel oil. Read Full Article at RT.com
TroibNews 
According to Bloomberg, Russia’s refined fuel exports have reached their highest level in almost a year, despite the latest US sanctions implemented against the country’s energy sector last week.
The outlet reported that seaborne shipments of Russian petroleum products averaged 2.5 million barrels per day in the first ten days of January, marking an 11-month high. This represents a 12% increase from December’s daily average and is the highest level since February 2024, as indicated by data from analytics firm Vortexa.
In a coordinated move with the UK, the US introduced new sanctions targeting major Russian oil companies including Gazprom Neft and Surgutneftegas, along with numerous vessels allegedly utilized to transport Russian oil in violation of Western restrictions, which the US refers to as a “shadow fleet.”
Moscow has denounced the sanctions as “illegal,” with Kremlin spokesman Dmitry Peskov cautioning that they could destabilize global energy markets.
The recent sanctions focus on over 180 tankers thought to be involved in Russian trade, with a primary emphasis on crude oil shipments. However, Vortexa's data shows that only about 4% of petroleum products exported between January 1 and 10 were carried on sanctioned tankers, and there has been no notable change in the operations of these vessels.
The rise in Russia’s petroleum product exports is largely attributed to increased shipments of diesel and fuel oil, as reported by the outlet. According to Bloomberg, revenue from fuel exports in December surpassed the decline in crude oil earnings, buoyed by rising gasoil flows and higher prices, as noted by the International Energy Agency.
Exports of diesel and gasoil, which account for nearly 40% of Russia’s refined-fuel shipments, saw a 17% increase from December, reaching 1.08 million barrels per day— the highest amount since last February. There was also a substantial rise in shipments from Baltic ports, which grew by over 50%.
Additionally, fuel oil exports climbed to 792,000 barrels per day, representing a 19% increase and the highest level since July 2023, with the most significant growth seen in volumes sent to Africa.
Debra A Smith for TROIB News
The outlet reported that seaborne shipments of Russian petroleum products averaged 2.5 million barrels per day in the first ten days of January, marking an 11-month high. This represents a 12% increase from December’s daily average and is the highest level since February 2024, as indicated by data from analytics firm Vortexa.
In a coordinated move with the UK, the US introduced new sanctions targeting major Russian oil companies including Gazprom Neft and Surgutneftegas, along with numerous vessels allegedly utilized to transport Russian oil in violation of Western restrictions, which the US refers to as a “shadow fleet.”
Moscow has denounced the sanctions as “illegal,” with Kremlin spokesman Dmitry Peskov cautioning that they could destabilize global energy markets.
The recent sanctions focus on over 180 tankers thought to be involved in Russian trade, with a primary emphasis on crude oil shipments. However, Vortexa's data shows that only about 4% of petroleum products exported between January 1 and 10 were carried on sanctioned tankers, and there has been no notable change in the operations of these vessels.
The rise in Russia’s petroleum product exports is largely attributed to increased shipments of diesel and fuel oil, as reported by the outlet. According to Bloomberg, revenue from fuel exports in December surpassed the decline in crude oil earnings, buoyed by rising gasoil flows and higher prices, as noted by the International Energy Agency.
Exports of diesel and gasoil, which account for nearly 40% of Russia’s refined-fuel shipments, saw a 17% increase from December, reaching 1.08 million barrels per day— the highest amount since last February. There was also a substantial rise in shipments from Baltic ports, which grew by over 50%.
Additionally, fuel oil exports climbed to 792,000 barrels per day, representing a 19% increase and the highest level since July 2023, with the most significant growth seen in volumes sent to Africa.
Debra A Smith for TROIB News
