Russia’s refined oil exports experienced a monthly decline following a notable increase in diesel shipments in January.
In the first half of February, exports fell to 2.3 million barrels per day, marking an 8% decrease compared to the average flows seen in January. January had witnessed a surge in refined product shipments, reaching their highest levels in nearly a year, but this momentum appears to have slowed in February with a subsequent drop in exports.
The data reflects significant fluctuations in Russia’s refined oil exports, with a sharp rise in January followed by a noticeable decline in the first half of February. These figures are based on available data for the early part of February and may be subject to revision as more information becomes accessible for the remainder of the month.