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Gleb Gorodyankin News

25 Aug 2021

Russia's Oil Exports from Western Ports to Inch Up in Sept

© Igor Groshev / Adobe Stock

Russia's oil exports and transit from its western seaborne outlets were set at 6.17 million tonnes in September compared to 6.29 million tonnes in the revised August plan, the preliminary schedule seen by Reuters showed on Wednesday.On a daily basis combined oil loadings from Primorsk, Ust-Luga and Novorossiisk ports will rise by 1% in September from August, Reuters calculations showed.Urals oil exports from Primorsk and Ust-Luga will decline by 1% to 4.5 million tonnes from 4.7 million tonnes in August, according to the plan.Russian Urals and Siberian Light oil exports from Black Sea Novoross

20 May 2020

Ukraine's Odessa Gets First WTI Oil Cargo from US

Ukraine's Black Sea port of Odessa is set to receive on Wednesday its first ever West Texas Intermediate (WTI) oil cargo from the United States, according to industry sources and shipping data, just a month after the front-month futures for the blend turned negative.U.S. West Texas Intermediate (WTI) May crude futures sank to minus $38 per barrel on April 20, just days before their expiration, in a quirky trading pattern never seen before, amid overproduction and lack of storage capacity inflicted by the coronavirus-battling restrictions.On Wednesday, the front-month WTI futures were trading at above $32 a barrel.Industry sources said that the Umla tanker has shipped in BP's 80,000-tonnes cargo for further delivery to the Kremenchug refinery of Ukrtatnafta.

09 Apr 2020

European Refiners Leave Oil Cargoes On Water

© papa1266 / Adobe Stock

A growing number of oil tankers across Europe have been unable to unload their cargo over the past month as refining demand crashes, turning them into de facto floating storage, according to shipping data and trading sources.European refineries have had to cut runs after measures put in place to contain the coronavirus outbreak crushed fuel demand.More than 25 tankers with roughly 18 million barrels onboard were anchored near European ports, with most them already there for over a week as of Thursday…

05 Mar 2020

Russia to Disinfect Ships from Iran, Italy and South Korea

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Russia has ordered the mandatorydisinfection of ships arriving at the Black Sea ports of Novorossiisk and Yuzhnaya Ozereyevka from Iran, Italy and South Korea because of the coronavirus, a  document seen by Reuters showed.A branch of Rospotrebnadzor, Russia's consumer safety watchdog, has ordered port agents "to arrange the disinfectionof ships arriving from these countries before the border is opened" in the city of Novorossiisk, the document showed.Novorossiisk port is one of the biggest on the Black Sea.

12 Jul 2019

U.S. Oil Makes it to Ukraine, a blow to Moscow

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U.S. crude exports are gaining traction in Europe as even Ukraine turns into a significant consumer of American barrels at the expense of Russian supplies amid heightened U.S. political pressure on Moscow and problems over contaminated Russian oil.Ukraine this month received its first ever barrels from the United States, according to Refinitiv Eikon flows data, as the tanker Wisdom Venture unloaded 80,000 tonnes of Bakken crude in Odessa on July 6 for the Kremenchug refinery,…

19 Feb 2019

As Traders Tussle Turkmenistan Cuts Exports

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A clash between trading house Vitol and Azerbaijan's SOCAR over Caspian Sea oil shipments is forcing Turkmenistan to slash exports of crude due to a lack of tankers.Turkmenistan typically exports about 200,000 tonnes of oil per month via the Caspian to world markets, mainly from fields operated by the UAE's ENOC and Italy's Eni, but flows have halved in recent weeks, six traders involved in operations said.That happened after Turkmen producers decided to export oil via Russia with the help of Swiss trader Vitol and ditch the previous Azeri route…

22 Jan 2019

Turkmen Oil Exports via Russia’s Novorossiisk Port to Resume

Photo: NPT Group

Exports of Turkmen oil via Russia's Black sea port of Novorossiisk will resume in February, four market sources said.Turkmenistan stopped transit of its oil via Russia in 2016 and has been exporting all its crude via the Azeri Caspian port of Baku.Pumping Turkmen oil through the Makhachkala-Novorossiisk pipeline could add as much as 200,000 tonnes of crude per month into Russia’s Transneft system. Turkmenistan is currently shipping oil via the Baku-Tbilisi-Ceyhan (BTC) pipeline…

21 Feb 2018

Port Spat Delays Russian Black Sea Product Exports

Shipments of oil products from a Russian Black Sea outlet have been disrupted since early February due to a row over the port's control, four industry sources told Reuters on Wednesday. Three sources said oil products shipments from the IPP terminal at the port of Novorossiisk have been delayed over a managerial conflict. The port did not reply to a written request for comment. According to the sources, between 1,000 and 2,500 rail cars with oil products are stuck near the port waiting to be loaded on to tankers. Trading sources also said that loading operations of two tankers - Andromeda, chartered by Litasco, and Trafigura's Atlantas II - have been cancelled. "Ships have been waiting in the harbour of Novorossiisk," a trader said.

21 Oct 2016

Russia to Reduce Urals Oil Exports from Baltic Ports

Russia will export 2.9 million tonnes of Urals crude oil from the Baltic ports of Primorsk and Ust-Luga on November 1-16, down 0.8 million tonnes from the same period of October, according to a preliminary schedule, seen by Reuters.   Russia will increase Urals and Siberian light oil exports from the Black Sea port of Novorossiisk by 0.36 million tonnes to 1.6 million for November 1-18, the schedule showed. (Reporting by Gleb Gorodyankin; writing by Denis Pinchuk; editing by Polina Devitt and Jason Neely)

17 Mar 2016

Russia to Increase Q2 Baltic Urals Shipments

Russia is set to increase Urals exports and transit from its Baltic Sea ports by 0.7 million tonnes to 19.9 million tonnes in the second quarter, an export schedule showed on Thursday. According to the schedule, Urals shipments from the Black Sea port of Novorossiisk are set to fall to 7.55 million tonnes, down from 7.9 million tonnes in the previous quarter. Reporting by Gleb Gorodyankin and Olga Yagova

01 Sep 2015

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.     (Reporting by Gleb Gorodyankin; writing by Vladimir Soldatkin)

28 Aug 2015

Med Crude-Russian Urals Edges Lower in Med, Baltic

Russian Urals crude weakened in the Mediterranean and in the Baltic on Friday, while trading activity was limited ahead of a long holiday weekend in Britain, traders said. In the Platts window, Vitol sold an 80,000-tonne cargo of Urals from Novorossiisk on Sept. 13-17 to Exxon at dated Brent minus $0.85 a barrel on a DES basis, traders said. That was 15 cents below the latest price estimates for the grade. Before the window Vitol offered a very prompt Aframax of Urals crude for loading Sept. 3-4 down to dated Brent minus $1 a barrel, but found no buyer and withdrew its offer. There were no bids or offers for Urals from Primorsk and Ust-Luga.

16 Jul 2015

Russia Plans Fuel Shipments to Syria from Crimea

Russia plans to supply Syria with 200,000 tonnes of liquefied petroleum gas (LPG) per year via the Crimean port of Kerch, two trading sources told Reuters. The plans are a further sign of cooperation between the two countries despite hopes in the West that Russia might stop shielding President Bashar al-Assad from pressure to step aside. Moscow had been shipping significantly lower volumes of LPG to Syria via Kerch before Russia annexed the Crimea peninsula from Ukraine in March 2014. The United States and the European Union, which say the seizure of Crimea violates international law, have imposed sanctions on individuals and business in Crimea, which include restrictions on use of the Kerch port. Russia is a staunch ally of Syria and an exporter of arms to Damascus.

16 Jun 2015

Russia to Cut Pipeline Oil Exports, Oil Transit

Photo: Novorossiisk Commercial Sea Port

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.

07 May 2015

Surgut Awards Glencore Right to Crude Oil in Tender

Russia's third-largest oil producer Surgutneftegaz has awarded Glencore the right to lift 1.2 million tonnes of crude oil from Russian Baltic Sea ports, traders said on Thursday. The cargoes, 200,000 tonnes a month, can be lifted between July and December this year. (Reporting by Gleb Gorodyankin; writing by Vladimir Soldatkin)

28 Apr 2015

Med Crude-Urals Stronger in Baltic as Surgut Sells Cargoes

Russian Urals crude price differentials strengthened in the Baltic in a spot tender on Tuesday after loading schedules confirmed scarce export volumes for May. There was no deals in the Platts window, traders said while adding that trader Talmay won spot tenders by oil firm Surgut to lift two cargoes of Urals loading at the Baltic port of Ust-Luga. The price for cargoes loading on May 15-16 and 21-22 was pegged at around dated Brent minus 85-90 cents a barrel, when adding freight to the original FOB-basis price, some 20-25 cents stronger than previous price estimates. Talmay was believed to have resold barrels to China's Unipec, traders added. On Monday, a loading schedule for Russian Baltic Sea ports showed the total number of cargoes dropping to 53 in May from 62 in April.

08 Apr 2015

Azeri Light Oil Exports Set to Rise in May

Azeri light oil exports via the Turkish port of Ceyhan are set to rise to 735,000 barrels per day (bpd) in May, compared with 703,000 bpd in April, according to a preliminary loading programme released on Wednesday.     (Reporting by Gleb Gorodyankin; Editing by Alexander Winning)

24 Mar 2015

Russia's Seaborne Urals Exports Seen Down in April

Russia's Urals crude exports and transit from the Baltic Sea ports and Novorossiisk are set to fall in April by 2.5 percent on a daily basis to 8.14 million tonnes from 8.623 million tonnes in March, a preliminary loading plan showed on Tuesday. According to the schedule, Russian oil supplies from the Baltic ports will rise by 6 percent on a daily basis due to higher volumes coming out of Primorsk. Russia is due to export 3.995 million tonnes of Urals crude from Primorsk in April compared with 3.5 million tonnes in the final loading plan for March. It will export and transit 2.2 million tonnes of Urals from Ust-Luga in April, down from 2.538 million tonnes in March.

24 Dec 2014

Pipeline Spills into Black Sea From Russian Source

A leak on a major Russian oil pipeline caused a spill in the Black Sea near the port of Tuapse on Wednesday where officials said stormy weather was hampering efforts to assess and respond to the mishap. "Some quantity of oil has spilled into the sea," Sergei Proskurin, first deputy captain of the port of Tuapse, told Reuters. He said the size of the spill was unclear and that emergencies services were working to deploy temporary floating barriers to contain the spill but were being delayed by the stormy conditions. Tuapse is a busy industrial and oil port but is located close to many Russian Black Sea resorts. It is just 118 km (73 miles) from the town of Sochi which hosted the 2014 Winter Olympics.

23 Dec 2014

Russian Baltic Oil Exports to Surge in New Year

Exports of Russian crude oil blend Urals will rise sharply in January from the Baltic Sea ports on the back of a government decision to cut export duties, a preliminary export schedule showed on Tuesday. Russia will raise crude oil exports from Primorsk to 3.6 million tonnes in January from 2 million tonnes in December. The neighbouring port of Ust-Luga will increase Urals exports to 2.2 million tonnes next month from 1.672 million tonnes scheduled for loading in December. A full January export schedule for the Black Sea port of Novorossiisk has yet to be released. (Reporting by Gleb Gorodyankin

23 Dec 2014

Storm Halts Russian Exports from Black Sea

Russia's Black Sea port of Novorossiisk halted oil exports on Monday due to storm, while the loadings are not expected to resume before Friday, port sources said. "The wind is very strong there. Looks like it (stoppage) will last till Friday," a source said. Another source said that a sea wave as high as four meters was detected near the terminal for Caspian Pipeline exports. Shipments of oil product exports via neighbouring port of Taman have also been suspended, according to a port source. Reporting by Gleb Gorodyankin

25 Nov 2014

Russian Liftings for Western Options at 12-Year Low

MOSCOW, Nov 25 (Reuters) - Exports of Russian crude oil to Western markets are set to fall by almost a third in December and reach a 12-year low as traders withhold cargoes to wait for lower duties from Jan. 1, a preliminary export programme showed on Tuesday. Total seaborne Urals crude exports are seen at 5.3 million tonnes next month, their lowest since February 2003, when they stood at 5.1 million tonnes. The decreasing volumes may bolster Russia's position in talks to persuade members of the Organization of the Petroleum Exporting Countries to cut its oil production to bolster prices, which fell by 30 percent from a June peak. According to the preliminary schedule…

27 Oct 2014

Transneft Cites Weather, Suspends Some Liftings

Russian pipeline monopoly Transneft has suspended oil loadings through all Russian ports except for Makhachkala due to bad weather conditions, RIA news agency said on Monday. Russia is the world's second biggest oil exporter behind Saudi Arabia, shipping around 4 million barrels of oil per day. Just over half is sent from Russia's largest ports - Novorossiisk, Kozmino, Primorsk and Ust-Luga. Igor Dyomin, Transneft spokesman, told RIA that loadings from the Pacific port of Kozmino were stopped on Oct. 27 due to a storm. The Baltic ports of Primorsk and Ust-Luga have also stopped loadings due to a storm warning. Earlier on Monday, Transneft suspended oil supplies via its Tikhoretsk-Novorossiisk pipeline due to poor weather conditions at the port.