Exports of ultra low-sulphur diesel (ULSD) from Russia’s Primorsk port are projected to decrease by 15% during the period from April 1 to 10. According to data from trade sources, the expected loadings will amount to 427,000 metric tons, a notable drop from the 505,000 tons recorded in the same timeframe in March. Several factors contribute to this decline in diesel exports.
Seasonal variations in demand and unexpected maintenance tasks at several Russian refineries are impacting production levels. Specifically, the Ryazan refinery, which has faced an extended overhaul since it was damaged by Ukrainian drones in February, is expected to have a particularly significant effect on overall output. This scenario illustrates the challenges faced in the Russian diesel market, especially as traders navigate the complexities of seasonal maintenance and geopolitical tensions.
As a result of these interconnected factors, the anticipated decrease in exports raises questions about the stability of supply and demand dynamics in the coming weeks. In summary, the expected drop in diesel exports from Primorsk reflects broader trends within the energy sector, emphasizing the importance of monitoring maintenance schedules and geopolitical developments that may affect refinery operations and global fuel supply.