exit on Nostr: "For the financial recovery and to maximize our investments, we will redirect cheap ...
"For the financial recovery and to maximize our investments, we will redirect cheap energy to Asia and bother the West with self destructive 'heroic' sanctions and woke ideologies."
-- Russian Oil. Banned! (fig.1)
Well, while Bloomberg is silent for the second week, Bruegel Sink Tank helps us figure out the offshore supply of domestic oil.
On the upper chart you can see weekly volumes leaving Russian ports. On the bottom, you can see monthly volumes of completed shipments.
Well, you do know that domestic oil has been banned everywhere, right? Well, here we are. It turns out that an average of 10-12 million barrels were delivered per month in 2021. And in May 2023... 20 million barrels.
Isn't that great? (с)
How's it going with the discounts?
🇷🇺#oil #gasoline (fig 2)
Russian marine exports of various fuels increased in the first days of the month. And will increase even more by the end of the month, as Russian refineries, which, as they say, we do not have, spin the flywheel at full speed, after scheduled maintenance.
All in all, shipments of this good stuff are up 51,000 barrels a day for the first 10 days of the month. Compared to the average daily level of May. Note that the peak was in March. In February, the EU imposed a ban on fuel purchases from Moscow. Has anything changed for Moscow? No. Instead of the EU-27, the nomenclature of consumers was replaced by Other Europe, behind which Turkey is hiding. Africa and Asia have expanded mightily. South America has appeared. Naphtha shipments rose to 557k bpd, up 14% from May. Asia is happily taking it. --
-- Russian Oil. Banned! (fig.1)
Well, while Bloomberg is silent for the second week, Bruegel Sink Tank helps us figure out the offshore supply of domestic oil.
On the upper chart you can see weekly volumes leaving Russian ports. On the bottom, you can see monthly volumes of completed shipments.
Well, you do know that domestic oil has been banned everywhere, right? Well, here we are. It turns out that an average of 10-12 million barrels were delivered per month in 2021. And in May 2023... 20 million barrels.
Isn't that great? (с)
How's it going with the discounts?
🇷🇺#oil #gasoline (fig 2)
Russian marine exports of various fuels increased in the first days of the month. And will increase even more by the end of the month, as Russian refineries, which, as they say, we do not have, spin the flywheel at full speed, after scheduled maintenance.
All in all, shipments of this good stuff are up 51,000 barrels a day for the first 10 days of the month. Compared to the average daily level of May. Note that the peak was in March. In February, the EU imposed a ban on fuel purchases from Moscow. Has anything changed for Moscow? No. Instead of the EU-27, the nomenclature of consumers was replaced by Other Europe, behind which Turkey is hiding. Africa and Asia have expanded mightily. South America has appeared. Naphtha shipments rose to 557k bpd, up 14% from May. Asia is happily taking it. --