Russia Ramps up Fuel Exports in Fight for European Market
Russia plans to sharply increase fuel exports and carve out a larger share of the European market following an extensive $55 billion modernisation of its refineries, companies' plans and analysts' reports show. Russia embarked on a modernisation of its biggest refineries in 2011 following a fuel shortage crisis. It also changed its tax system to favour production of cleaner and higher-quality fuel. The modernisation, which has not been completed yet, led to a surge in output of light products and exports, which has hurt European refineries' margins.
Russia to Cut Oil Exports from Primorsk
Russia will reduce Urals oil exports from the Baltic Sea port of Primorsk by around 12 percent to 44 million tonnes (884,000 barrels per day) this year due to using some of the pipeline capacity for shipments of diesel, oil pipeline monopoly Transneft said on Tuesday. Exports of Urals from the outlet in June would be cut to less than 3 million tonnes comparing to 4.5 million tonnes planned for April, the documents on export pipeline routes capacity, published on Transneft's website, showed. Transneft also said it plans to restore Urals oil exports from Primorsk in 2018 to some 50-52 million tonnes. (Reporting by Olga Yagova; writing by Vladimir Soldatkin)
Surgut Awards Gunvor With Up to 1.0 mln T of Gasoline From Ust-Luga-trade
Russia's Surgutneftegaz has sold Gunvor an up to 1.0 million tonnes of normal gasoline (motor gasoline A-76) from its Kirishi refinery at a tender, to be delivered in April-December from the Baltic Sea port of Ust-Luga, traders said. Market sources estimated the discount level stronger than minus $45 a tonne. Surgut's pricing formula is based on the mean of the five mean consecutive quotations of Eurobob, NWE barges FOB Rotterdam, after the bill of lading, Reuters sources said. Surgut sold gasoline on a FOB Ust-Luga basis via trading firm Surgutex with cargo lots varying from 30,000 to 40,000 tonnes.
Rosneft Issues Spot Tender to Sell 200,000 t of Urals Oil from Baltic
Russia's Rosneft issued a spot tender to sell 200,000 tonnes of Urals crude oil from the Baltic Sea port of Primorsk on October 7-8 and from Ust-Luga on October 6-7, traders said on Tuesday. The tender closes on Sept. 22 at 1500 Moscow time (1200 GMT), the results will be announced not later than Sept. 23. Rosneft sells nearly all the volumes of its crude oil exports under long-term contracts. This year, Rosneft has started to sell one or two 140,000 tonne cargoes for loading from Novorossiisk on the spot market. Traders believe than the increase in Rosneft's spot trade is due to lower volumes of purchases by its biggest long-term buyer Trafigura.
Russia Diesel Exports from Primorsk to Rise in May
Russia is set to export 1.256 million tonnes of ultra-low sulphur diesel from the Baltic Sea port of Primorsk in May, slightly up from 1.209 million tonnes in April, trading sources said on Friday. (Reporting by Ron Bousso. Editing by Jane Merriman)
Russia Tops up Urals Oil Exports from Baltic Sea
Russia will ship an extra 100,000 tonnes of Urals crude oil from the Baltic Sea port of Primorsk in April, bringing total shipments from that port to 4.6 million tonnes, according to a schedule seen by Reuters on Friday. The extra cargo will be shipped by Rosneft on April 20-21. This will increase total Urals oil supplies from the Baltic Sea to 7.1 million tonnes next month - the highest monthly figure since October 2013. (Reporting by Olga Yagova; writing by Vladimir Soldatkin; Editing by Alexander Winning)
Glencore Sells Russian Blend to Chevron for U.S. Delivery
Swiss-based trader and miner Glencore has sold 100,000 tonnes of Urals for loadings from Primorsk on Jan. 16-17 to Chevron for delivery to the US Gulf Coast, traders said, making a return to the United States after a four-year hiatus. Glencore originally bought the cargo from Russia's Rosneft under a five-year pre-finance agreement, according to the traders. Rosneft declined to comment. Glencore does not typically comment on its trading deals. The cargo had been loaded from the Baltic Sea port of Primorsk on the vessel called Sparto, port agents' data shows.
Gunvor Emerges as Winner in Rosneft's Jumbo Oil Tender
Trading house Gunvor, which has been selling assets in Russia, has again emerged as the winner of a semi-annual Rosneft tender, traders said on Tuesday. They said Gunvor would lift from 200,000 tonnes to 500,000 tonnes of Russian Urals crude per month from the Baltic Sea port of Primorsk in October-March. Rosneft declined to comment. The traders said that the company has not officially sent the tender results to the winners. Traders also said that Chinese Unipec would lift 140,000 tonnes of Urals from the Black Sea port of Novorossiisk. The results of tender for 80,000-cargos were not immediately available.
Russian Urals Oil Exports Seen Up in North, Down in Novo in Sept
Russia will boost its Urals crude oil exports from the Baltic Sea ports, while supplies from the Black Sea outlet of Novorossiisk are seen declining next month, a preliminary schedule showed on Wednesday. Russia is set to cut its daily Urals crude oil exports from the Black Sea port of Novorossiisk by 4 percent in September to 1.94 million tonnes from 2.09 million tonnes planned for August. Supplies from the Baltic Sea port of Primorsk are seen rising by 19 percent to 3.8 million tonnes next month from 3.3 million tonnes expected this month.
Rosneft Cuts Semi-annual Urals Sell Tender Offer in Oct-March
Russia's top crude oil producer Rosneft has cut offer at its semi-annual tender to sell Urals cargoes between October and March, industry sources told Reuters on Friday. According to the sources, Rosneft has cut Urals offer at the Baltic Sea port of Primorsk to 0.6-1.8 million tonnes from 0.6-3.0 million tonnes in the last tender. The offer from neighboring Ust-Luga was down to 0.6-1.2 million tonnes from 0.6-2.4 million tonnes. (Reporting by Gleb Gorodyankin; writing by Katya Golubkova; Editing by Jack Stubbs)
Russia to Ship Extra 200,000 tonnes of Oil in July
Russia's top oil producer Rosneft will ship additional 200,000 tonnes of crude oil from the Baltic Sea port of Primorsk in July, traders said on Monday. This will bring total Russian oil exports from the Baltic Sea ports to 5.3 million tonnes in July, less than 6 million tonnes loaded in June. (Reporting by Gleb Gorodyankin)
Russia to Cut Pipeline Oil Exports, Oil Transit
Russia plans to cut oil exports by pipeline and oil transit by 0.6 percent to 52.5 million tonnes in the third quarter, quarter-on-quarter, trade sources citing a loading schedule said on Tuesday. The sources, who spoke on condition of anonymity, told Reuters oil exports and transit via the Baltic Sea port of Primorsk were seen rising to 12.4 million tonnes from 12.1 million in the second quarter. Those through the Ust-Luga port were seen falling to 6.6 million tonnes from 7 million. The Black Sea port of Novorossiisk is expected to ship 7.4 million tonnes versus 7.8 million tonnes.
Gunvor Becomes Major Winner in Rosneft Oil Tender
Trading house Gunvor, which has been trying to cut exposure to the Russian market, is among the winners of a large Rosneft tender, traders said on Tuesday. They said Gunvor would lift up to 400,000 tonnes of Russian Urals crude per month from the Baltic Sea port of Primorsk in April-September after it won the tender from Rosneft for the first time in three years. Other companies that got rights to lift cargoes from Rosneft are Trafigura, Unipec, BP, Shell and Total . Reporting by Gleb Gorodyankin
Rosneft Announces Large Semi-Annual Oil Tender
Russia's top crude oil producer Rosneft has announced a semi-annual tender to sell oil cargoes between April and September, industry sources told Reuters on Tuesday. Rosneft has offered from 3.48 million tonnes to 14.42 million tonnes of crude oil, compared with 4.8 million tonnes to 11 million tonnes in the previous October to March tender. The company has cut the volume of Urals offered from the Baltic Sea port of Primorsk to between 600,000 tonnes and 4.4 million tonnes from 2.4 million to 5 million tonnes in the last tender. It has not changed the volume offered from neighbouring Ust-Luga, at 600,000 tonnes to 2.4 million tonnes.
Oil Products Flow to Primorsk Resumed
Russia resumed oil products shipments to Primorsk after a halt following "criminal tapping" of pipeline, a subsidiary of Russian oil pipeline monopoly Transneft said. "It has not affected and will not affect exports schedule," it added. Russia stopped oil products shipments to the Baltic Sea port of Primorsk on Tuesday due to "criminal tapping" of the pipeline. (Reporting by Gleb Gorodyankin; writing by Katya Golubkova; Editing by Lidia Kelly)
Unipec Books Two Large Cargos to Take Urals to Asia
China's Unipec is taking two very large crude carriers with around 4 million barrels of Urals crude to Asia in a move to support Russia's main export grade, traders said on Thursday. Traders said Unipec had booked two VLCCs - Front Tina and British Vintage - and will fill it with the Russian crude after actively buying smaller cargoes in the Platts window in recent days. On Thursday, Unipec bought a 100,000 Urals tonnes cargo from Eni in the Baltic at dated Brent minus $1.45 a barrel for Sept 25-29 delivery, traders said. Unipec has become one of the most active players in the Urals market in recent years.
Russian Urals Crude Exports Down
Exports of Russian Urals crude oil are set to decline in November as domestic refineries are wrapping up maintenance work, a preliminary program showed on Friday. Russian November Urals oil exports from the Baltic Sea port of Primorsk are seen down to 3.3 million tonnes from 3.6 million tonnes in October. Urals oil exports from the Baltic Sea port of Ust-Luga seen falling to 2.0 million tonnes from 2.2 million tonnes this month. Russian November Urals oil exports from Novorossiisk seen down to 1.980 million tonnes from 2.4 million tonnes in October, the programme showed. (Reuters)
Russia's Dec 1-14 Seaborne Urals Exports Seen Lower
Exports of Russian Urals crude oil are set to decline during the first half of December compared with the first two weeks of November, a preliminary loading program showed on Friday. Urals oil exports from the Baltic Sea port of Primorsk are seen down to 1.0 million tonnes on Dec. 1-14 compared with 1.1 million tonnes on Nov. 1-14. Urals exports from the Baltic Sea port of Ust-Luga are seen falling to 0.6 million tonnes on Dec. 1-12 from 0.8 million tonnes a month earlier. Urals exports from Novorossiisk, on the Black Sea, are seen down to 0.6 million tonnes on Dec. 1-14 from 1.2 million tonnes, the programme showed.
Russia Eyes Boosting Primorsk Diesel Exports
Reuters- Russia's oil pipeline monopoly Transneft said on Thursday it plans to nearly triple exports of ultra low sulphur diesel (ULSD) from the Baltic Sea port of Primorsk after 2016 when domestic companies are expected to boost production. As there will be not enough pipeline capacity to export the production then, Transneft said it will adjust one of the crude oil links leading to Primorsk to a pipeline able to ship ULSD. Transneft would start works to ship ULSD from the Kirishi refinery, owned by Surgutneftegas, to Primorsk later this spring and the pipeline would be ready to ship the fuel next autumn or winter, the company said in emailed remarks.
Russia's Urals Oil Exports Seen Surging in Early January
Seaborne exports of Russian crude oil blend Urals will sharply increase in the first half of January thanks to a lower export duty, according to a preliminary schedule seen by Reuters. Exports from the Baltic Sea port of Primorsk from Jan. 1-16 was seen at 1.8 million tonnes, up from 1.1 million tonnes in the same period of December. Urals shipments from the neighbouring port of Ust Luga from Jan. 1-11 was expected to rise to 800,000 tonnes from 500,000 tonnes in the corresponding period this month. The Black Sea port of Novorossiisk was set to export 1.265 million tonnes of Urals from Jan. 1-16, up from 680,000 tonnes.
