Russia's June seaborne oil product exports down 3.4% m/m, Reuters calculations show
seaborne oil product exports
in June were down 3.4 per cent from May at 8.98 million metric tons amid planned domestic refinery maintenance and strong domestic demand, data from industry sources and Reuters calculations showed.
Total oil product exports in June via the Baltic ports of Primorsk, Vysotsk, St Petersburg and Ust-Luga decreased by 6.9 per cent month-on-month to 4.85 million tons, data from market sources showed.
Fuel exports via Russia's Black Sea and Azov Sea ports last month decreased 1.1 per cent on a monthly basis to 3.54 million tons.
Oil product exports from Russia's Arctic ports of Murmansk and Arkhangelsk last month rose 83.5 per cent from May to 65,900 tons from 37,100 tons.
Fuel export loadings at Russia's Far East ports increased 9.4 per cent month-on-month in June to 512,700 tons, data from sources and Reuters calculations showed.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
3 hours ago
- Hindustan Times
Retail inflation eases to over 6-year low of 2.1% in June on subdued food prices
Retail inflation declined to over six-year low of 2.1 per cent in June, nearing the RBI's comfort zone, on account of subdued prices of food items, including vegetables, driven by widespread monsoon. WPI-based inflation was 0.39 per cent in May. It was 3.43 per cent in June last year.(Representational Photo/Reuters) The Consumer Price Index-based inflation was 2.82 per cent in May and 5.08 per cent in June 2024. Inflation is on a decline since November 2024. Year-on-year inflation rate based on CPI for the month of June 2025 over June 2024 is 2.1 per cent, the National Statistics Office (NSO) said in a statement. "There is a decline of 72 basis points in headline inflation of June 2025 in comparison to May 2025. It is the lowest year-on-year inflation after January 2019," it said. The previous low of 1.97 per cent was recorded in January 2019. The NSO said the significant decline in headline inflation and food inflation in June 2025 is mainly attributed to favourable base effect and decline in inflation of vegetables, pulses and products, meat and fish, cereals and products, sugar and confectionery, milk and products and spices. The Reserve Bank, which has been tasked to ensure inflation remains at 4 per cent (with a margin of 2 per cent on either side), has cumulatively reduced the key short-term lending rate by 100 basis points since February in the wake of slowing retail inflation. Meanwhile, the wholesale price inflation (WPI) turned negative after a gap of 19 months, declining 0.13 per cent in June as deflation widened in food articles and fuel, along with softening in manufactured product costs. WPI-based inflation was 0.39 per cent in May. It was 3.43 per cent in June last year. "Negative rate of inflation in June, 2025 is primarily due to decrease in prices of food articles, mineral oils, manufacture of basic metals, crude petroleum & natural gas etc," the industry ministry said in a statement. As per WPI data, food articles saw a deflation of 3.75 per cent in June, as against a deflation of 1.56 per cent in May, with vegetables seeing a sharp drop. According to the NSO data on CPI, the annual inflation in the food basket during June 2025 over June 2024 was (-) 1.06 per cent. A sharp decline of 205 basis points is observed in food inflation in June 2025 in comparison to May 2025. The food inflation in June was also the lowest after January 2019. The inflation rural was lower than the national average at 1.72 per cent while it was higher in urban areas at 2.56 per cent. The lowest inflation was in Telangana (-0.93 per cent) and the highest in Kerala (6.71 per cent). On all India basis, the annual inflation was negative in vegetables (-19 per cent), 'meat and fish' (-1.62 per cent), 'pulses and products' (-11.76 per cent), and spices (-3.03 per cent). Commenting on the CPI data, Aditi Nayar, Chief Economist, ICRA, said the cooling was entirely led by the food and beverages (F&B) segment, which witnessed a deflation of 0.2 per cent after a gap of 75 months, after printing at 1.5 per cent in the previous month. "The CPI inflation eased for the eighth consecutive month to a softer-than-expected 2.1 per cent in June 2025 from 2.8 per cent in May 2025, touching the lowest level since January 2019. We are not ruling out the possibility of a final 25 bps rate cut in the August 2025 meeting, carrying forward the front-loading seen in June 2025," Nayar said. Paras Jasrai, Associate Director at India Ratings and Research, said that notwithstanding the deflationary turn of food items, core inflation increased to 4.4 per cent in June 2025, the highest since September 2023. "A closer look indicates that it was largely on account of an uptick in inflation of jewellery items. Inflation of gold increased to a 58-month high of 36 per cent (as geopolitical tensions flared up in the Middle-East), the inflation of silver and other ornaments was also at elevated levels of 17.8 per cent and 21.5 per cent, respectively, in June 2025," Jasrai said. Garima Kapoor, Economist and Executive Vice President, Elara Capital, said the CPI inflation for June cooled to a six-year low led by moderating food prices and aided by a high base. "We expect full year CPI inflation to remain below RBI's full year estimate of 3.7% and hence do not rule out the possibility of another rate cut post-end of monsoon," Kapoor said. The NSO collects the price data for CPI from selected 1,114 urban markets and 1,181 villages covering all States/UTs.
&w=3840&q=100)
First Post
4 hours ago
- First Post
Watch: US Senator Lindsey Graham warns India, China of 500% tariff 'sledgehammer' over Russia trade
Graham specifically called out India, criticising the South Asian nation for buying discounted Russian oil and 'reselling' it, which he claims indirectly funds Putin's military campaign. read more US Senator Lindsey Graham (R-SC) speaks to the media, after a Senate GOP lunch, on Capitol Hill in Washington, DC, US, June 28, 2025. File Image/Reuters As concerns mount over Russia's ongoing invasion of Ukraine, US Senator Lindsey Graham has warned countries, including India, of severe economic sanctions soon. In an interview on CBS's Face the Nation, Graham disclosed that he and Senator Richard Blumenthal have garnered strong bipartisan support in the Senate for a broad sanctions package aimed at nations supporting Russia's war efforts through trade, particularly in oil and petroleum products. 'This congressional package that we're looking at would give President Trump the ability to impose 500 per cent tariffs on any country that helps Russia, and props up Putin's war machine. He can dial it up or down. He can go to 0 per cent, to 500 per cent. He has maximum flexibility,' said Graham. STORY CONTINUES BELOW THIS AD Graham specifically called out India, China, and Brazil, criticising New Delhi for buying discounted Russian oil and 'reselling' it, which he claims indirectly funds Putin's military campaign. 'India buys oil from Russia cheap and resells it. That's despicable,' Graham declared, adding that these nations 'are about to get hurt big time if you keep helping Putin.' He also claimed that the sanctions were actually a 'sledgehammer' available to President Donald Trump to 'go after Putin's economy'. "China, India and Brazil, you are about to get hurt big time if you keep helping Putin" - Trump's on-off friend Senator Lindsey Graham — 𝗗𝗲𝗳𝗲𝗻𝘀𝗲 𝗗𝗮𝗴𝗴𝗲𝗿 (@DefenseDagger) July 14, 2025 This push for tough economic measures comes as Trump considers additional aid for Ukraine, with intelligence reports warning that Russia could make significant territorial gains by next year if Ukraine's drone and artillery supplies remain insufficient. Graham also teased upcoming announcements about arms sales and redirecting seized Russian assets to strengthen Ukraine's defences. 'Stay tuned for a plan where America will start selling large quantities of weapons to our European allies to help Ukraine,' he said. He stressed that, with diplomatic efforts to engage Moscow failing, intense economic pressure might be the only way to end the conflict.
Indian Express
4 hours ago
- Indian Express
Trump sets 50-day deadline for Ukraine deal, threatens ‘very severe' tariffs on Russia
US President Donald Trump on Monday said the United States will impose 'very severe' tariffs on Russia if no agreement is reached to end the war in Ukraine within 50 days. Speaking from the Oval Office alongside NATO Secretary General Mark Rutte, Trump said he is disappointed in Russian President Vladimir Putin. 'I'm very, very unhappy with what Russia is doing. If there's no ceasefire deal in 50 days, we will impose 100% tariffs,' Trump told reporters, according to Reuters. Trump also announced that the US would be sending new military support to Ukraine. He said the equipment will be sent to NATO, which will then deliver it to areas where it is needed. 'We're going to make top-of-the-line weapons and send them to NATO,' Trump said, as reported by the BBC. 'They will be paying for them,' he added, referring to European allies. The president said the aid package includes billions of dollars' worth of military hardware and that it is being provided to help Ukraine maintain its defences. 'Billions of dollars of military equipment will now be distributed to Ukraine,' he said. He also praised the Ukrainian military, saying they are continuing to fight with determination but are losing equipment. Trump recalled his conversations with Putin before the war, suggesting that the conflict might have been avoided. 'I used to speak to Putin often. I could see a war coming,' he said. 'It's all talk until missiles go into Kyiv. It has got to stop.' NATO Secretary General Mark Rutte welcomed the US decision, calling it an important step. He said it means Ukraine will have access to a large number of weapons, including air defence systems and ammunition. 'This is really big,' Rutte said. 'The Europeans are stepping up, and this builds on the success of the NATO summit.' Meanwhile, in Kyiv, Ukrainian President Volodymyr Zelenskyy said he had 'productive' talks with US envoy Keith Kellogg. Kremlin spokesperson Dmitry Peskov told Russian media it is 'very important' that talks over Ukraine continue.
