Russian Urals oil exports from Primorsk port set to decline 6% for April 1-14 m/m - sources

Kitco Media
By Reuters
Published:
Updated:
Reuters
MOSCOW, March 27 (Reuters) - Russian Urals oil exports from the Primorsk port were set at 1.5 million tonnes for April 1-14 compared with March 1-14, according to two trading sources familiar with the loading plan. On a daily basis Urals oil loadings from the port will decline 6% during April 1-14 from the same period in March, Reuters calculations showed. Russia is very close to achieving its target of cutting crude oil output by 500,000 barrels per day (bpd) to around 9.5 million bpd, Deputy Prime Minister Alexander Novak said last week.
(Reporting by Reuters, Editing by Louise Heavens)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.