Russia's Feb Baltic port oil loadings to slip 2% m/m -traders, Reuters calculations

Kitco Media
By Reuters
Published:
Updated:
Reuters
MOSCOW, Feb 7 (Reuters) - Urals and KEBCO loadings from Russia's Baltic ports of Ust-Luga and Primorsk in February were set at 6.3 million tonnes, down from 7.1 million tonnes in the January plan, Reuters sources said. On a daily basis, loadings from the port will slip by 2% from January, Reuters calculations showed. February is three days shorter than January. This month Primorsk will load 3.6 million tonnes of Urals, while Ust-Luga will load 2.7 million tonnes of crude, including 2.5 million tonnes of Urals and 0.2 million tonnes of KEBCO. Urals, KEBCO and Siberian Light loadings from Russia's Black Sea port of Novorossiisk in February were set at 2.38 million tonnes, up from 2.18 million in the January plan. Kazakhstan last year changed the name of the oil it exports via Russian sea ports from Urals to Kazakhstan Export Blend Crude Oil (KEBCO) to dissociate it from oil originating in Russia in order to avoid sanction risks and issues with financing.
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