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Russian refined products exports rise in May
June 2, 2009 / 3:03 PM / 8 years ago

Russian refined products exports rise in May

MOSCOW, June 2 (Reuters) - Russian gasoline, gas oil and fuel oil exports rose in May compared with April, Energy Ministry preliminary data showed.

Russia exported 17,300 tonnes of gasoline per day in May, up 49.2 percent versus April, while domestic supplies showed moderate growth, up by 6.8 percent on a month-to-month basis, with the rise seen due to seasonal trends.

Gas oil exports in May reached 99,600 tonnes per day, up 13.3 percent versus April, while domestic supplies of gas oil fell for the second straight month, down 7.5 percent compared with April, which showed a decline of 11.3 percent versus March.

Domestic supplies of gas oil fell by 15.9 percent compared with May 2008, amid a sharp fall in demand from the transportation and construction sectors.

The slump in domestic consumption was balanced by exports, which jumped 17.1 percent on a year-to-year terms.

Fuel oil exports in May rose to 142,200 tonnes per day, up by 3.0 percent compared to April, and by 29.0 percent on a year-on-year basis, the data showed.

In the comparable month last year fuel oil exports stood at 110.3 tonnes per day.

Local supplies dipped 18.3 percent and totalled 546,6 tonnes in the first 27 days of May, as domestic demand for fuel oil normally falls in spring.

In the summer season some Russian refineries opt to supply fuel oil to the sea ports by river-class barges instead of rail roads, providing lower transportation costs.

To see a table on Russian refined products exports and domestic sales in May, please click on [ID:nL1127594].

For key Russian statistical oil reports [O/RUS1]

For key Russian oil data <OILSTAT/RU>

For a diary of CIS refinery maintenance [REF/CIS]

For Russian cash crude prices URL-E URL-NWE-E

For Russian and global products prices <PRODUCT/1>

For Russian oil news [RON]

Russia country guide RUSSIA

Global energy guide ENERGY (Reporting by Gleb Gorodyankin, editing by Anthony Barker)

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