Urals and KEBCO crude loadings from the Baltic Sea ports of Primorsk and Ust-Luga were set around 6.5 million tonnes compared to 6.3 million tonnes in February plan. Urals, KEBCO and Siberian Light oil loadings from Russia's Black Sea port of Novorossiisk in March were set at 2.18 million tonnes, below 2.38 million tonnes in the February plan, market sources said last week. Russia plans to reduce its oil production by 500,000 barrels per day in March, Deputy Prime Minister Alexander Novak said in February, following the introduction of Western price caps. Moscow
may cut oil exports from its western ports by up to 25% in March from February, exceeding its announced production cuts in a bid to lift prices for its oil, three sources in the Russian oil market said last month.
Russia's crude oil loadings from its Baltic ports of Primorsk, Ust-Luga and Novorossiisk in the Black Sea in February were
some 10% below the target for the month
, Reuters calculations based on data from traders, shippers
and Refinitiv data showed.
(Reporting by Reuters;
Editing by Tomasz Janowski and David Gregorio)
