EMEA News
Russian Fuel Oil Exports Dip in February
Tuesday March 23, 2021
Russian fuel oil exports fell by 2.9% in February compared to the same month a year ago while February's figures compared to January's showed a 6.4% fall.
Exports data came in at 2.72 million metric tonnes (mt) for February and 2.9 million mt for January, according to Russian government data as reported by price reporting firm S&P Global Platts.
A Russian cold spell boosted domestic demand adding pressure to export flows.
Russian fuel oil output totalled 3.72 million mt in February, down 2.7% year-on-year. This is partly explained by the extra day in February 2020, the report said.
Russian fuel oil cargoes are a key source of supply to northwest European destinations.
