quote: ➡️Russian product exports slump, as expected, and will decline further to maybe 1mmbpd in August. ➡️ With gasoline, diesel, and jet fuel exports all banned, what is Russia still shipping? Lots of fuel oil, and some naphtha. ➡️ We are a little surprised naphtha hasn't been defined as 'gasoline' by Russian authorities and banned from export, too, given its role as a feedstock. #oott | Russian seaborne exports of petroleum refined products fell to the lowest in at least 10 years in July, while crude exports remained high, despite falling from a June peak, according to cargo-tracking data, as Ukraine continued strikes on Russian refining infrastructure. In July, Russia's product exports fell to 1.18 million barrels/day from 1.51 million b/d in June and the lowest since the record began in 2016, preliminary data from S&P Global Commodities at Sea showed Aug. 4. The data may be revised later. #oott spglobal.com/energy/en/news…

quote: ➡️Russian product exports slump, as expected, and will decline further to maybe 1mmbpd in August. ➡️ With gasoline, diesel, and jet fuel exports all banned, what is Russia still shipping? Lots of fuel oil, and some naphtha. ➡️ We are a little surprised naphtha hasn't been defined as 'gasoline' by Russian authorities and banned from export, too, given its role as a feedstock. #oott | Russian seaborne exports of petroleum refined products fell to the lowest in at least 10 years in July, while crude exports remained high, despite falling from a June peak, according to cargo-tracking data, as Ukraine continued strikes on Russian refining infrastructure. In July, Russia's product exports fell to 1.18 million barrels/day from 1.51 million b/d in June and the lowest since the record began in 2016, preliminary data from S&P Global Commodities at Sea showed Aug. 4. The data may be revised later. #oott spglobal.com/energy/en/news…

Source:https://x.com/staunovo/status/2085241320818262100