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Russia May Cut Naphtha Exports by Third After Fires-Traders, Data

MOSCOW, Jan 26 (Reuters) - Russia will likely cut exports of naphtha by some 127,500 - 136,000 barrels per day, or around a third of its total exports, after fires disrupted operations at refineries on the Baltic and Black Seas, according to traders and LSEG ship-tracking data.

Exclusive: Russia Struggles To Sell Pacific Oil, 14 Tankers Stuck | Reuters

More than a dozen tankers loaded with 10 million barrels of Russia's Sokol grade crude oil have been stranded off the coast of South Korea for weeks, so far unsold due to U.S. sanctions and payment issues, according to two traders and shipping data.

US Sanctions on Russian Gas Are Starting to Bite - Bloomberg

Operator Novatek PJSC has struggled to find buyers since the penalties were imposed in November, and the maiden voyage is now delayed until at least February.

Foreign partners in the Arctic LNG 2 project, including France’s TotalEnergies SE and Chinese oil firms, have declared force majeure on their participation. Long-term customers that signed up for supplies now don’t want them for fear of US retaliation.

US, EU Oil Sanctions Deepening Russian Crude Discounts, Novak Says - Bloomberg

The latest batch of sanctions by the US and European Union have increased the discounts Russia is having to offer to sell its barrels, according to the country’s top oil official.

Oil Tanker Hit by Missile Was Carrying Russian Fuel, Trafigura Says - Bloomberg

The fuel tanker operated on behalf of Trafigura Group that was struck by a missile as it transited the Red Sea was carrying Russian fuel, the trading giant said.

Last edited by Ryuu96 - on 01 February 2024