Russian Fuel Flows Decline to Lowest in 8 Months on Baltic Slump
Russia's oil product exports dropped in June to the lowest in eight months amid extended work at refineries supplying Baltic ports, coupled with efforts to stabilize domestic fuel supplies before the upcoming seasonal surge in agricultural and holiday consumption.
Seaborne shipments of refined fuels totaled 2 million barrels a day in the first 20 days in June, according to data compiled by Bloomberg from analytics firm Vortexa Ltd. That's the lowest monthly tally since October and an 8% decline compared to both the previous month and last year in June. Flows from Baltic ports recorded the sharpest drop of more than 15% from May levels.
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