Russia’s exports of oil products declined in the first week of October, with diesel flows dropping to a three-year low amid a ban on some shipments of the fuel for most of the period.
Diesel exports began to pick up after Oct. 6, when Moscow lifted its block on outflows of high-quality grades last month to stabilize domestic supplies. Shipments of naphtha and fuel oil increased during the week.
The oil market is closely watching Russian exports to estimate its crude production after Moscow classified official output data. Seaborne crude oil flows slipped in the seven days to Oct. 8, according to tanker-tracking data monitored by Bloomberg. Meanwhile, seasonal maintenance cut refinery rates to a 19-week low, curbing fuel exports in recent weeks.
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