🇷🇺🛢 Russia has restored its oil exports and increased them from its Pacific ports

Russian oil exports from ports and terminals on the country's Pacific coast fully recovered in April. At the same time, Indian refiners bought the largest volume of Russian oil since April 2023.

According to vessel-tracking data compiled by Bloomberg, Kozmino and De-Kastri on mainland Russia, as well as Prigorodnoye on Sakhalin Island, together shipped an average of 1.31 million barrels per day last month. For comparison, the figure in March was 1.27 million barrels per day.

The increase was driven by a jump in shipments from the key export terminal at Kozmino, ESPO, which more than offset the decline in supplies from the two ports linked to oil production projects off Sakhalin Island. In April, 42 tankers carrying ESPO crude left Kozmino, compared with 40 in March. In addition, 9 cargoes of Sokol crude were shipped from De-Kastri, compared with 10 in the previous month, while 3 cargoes of Sakhalin Blend were shipped from Prigorodnoye, compared with 4 in March.

Most of the cargoes loaded onto tankers in Russia's Pacific ports are delivered to China. Exports in that direction averaged 801,000 barrels per day in April, though the figure will likely rise further, since oil amounting to 167,000 barrels per day is still on vessels whose final destinations have not yet been determined.

At least 13 April cargoes are heading to India, compared with 7 in March, 3 in February, and just 1 in January. Supplies to India in April averaged 315,000 barrels per day, a three-year high.

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