Staying on new energy export routes, Russia in the light of Western sanctions increases the supply of oil and diesel fuel abroad.
At the same time, Moscow ships part of the “black gold” to foreign markets by “mixing with Kazakhstani oil”, which allows you to circumvent restrictions.
According to VortExa, which trains raw oil from Russia since January 2016, the largest exports of oil -raw oil from the Russian Federation was recorded in May 2019 (4.022 million barrels of the day), the smallest – in July 2020 (2, 28 million barrels per day).
Vortexa chief economist David VHH noted that the export of raw oil from Russia began to grow in the end of 2022, when Moscow switched export of oil from the Druzhba oil pipeline to marine transport.
According to him, Moscow supplies oil to foreign markets by “mixing with Kazakhstani oil”, which allows you to circumvent the restriction of the West in Ukraine. “Technically, Kebco (Kazakhstan Export Crude Oil Blend) is the same as a variety of high -sulfur Urals, that is, Russian oil. This variety was always the same and only reflected the share of Kazakhstani oil impurities,” the analyst said.
He also attracted attention to the growth of diesel fuel exports from the Russian Federation.
“Russia today makes every effort to increase the exports of diesel fuel, which it can sell at higher prices. Currently, diesel fuel is the only product in Russia, which remains high demand,” said milestones.
The economist also commented on the decision of the Russian Federation on the voluntary reduction of oil exports by 500 thousand barrels per day.
He recalled that in March of the current year, the Russian Federation announced the intention to reduce daily oil production. “Export of raw oil from Russia in the summer months is reduced. Usually this is due to higher internal demand and maintenance of oil fields. Therefore, I think that Russia is trying to present this seasonal drop in export as an additional and voluntary reduction,” said milestone