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Türkiye, Brazil remain key markets for Russian seaborne diesel

by Reuters

MOSCOW, Russia Apr 03, 2024 - 1:34 pm GMT+3
A view shows the exporting facilities at the Baltic Sea port of Primorsk, Russia, Feb. 26, 2018. (Reuters Photo)
A view shows the exporting facilities at the Baltic Sea port of Primorsk, Russia, Feb. 26, 2018. (Reuters Photo)
by Reuters Apr 03, 2024 1:34 pm

Türkiye and Brazil appeared to remain leading importers of Russian seaborne diesel and gasoil since the European Union sanctions barred the import of Russian refined products, data from market sources and LSEG showed.

Before the full EU embargo was implemented in February 2023, Europe was Russia's biggest buyer.

According to the LSEG data, Russia exported about 1.47 million metric tons of diesel and gasoil to Türkiye in March after 1.2 million tons in the previous month.

Brazil's imports from Russia fell last month to around 0.5 million tons, down from 0.63 million tons in February.

Traders said the drop resulted from a seasonal fall in demand and ample supplies of Russian fuel in the previous months.

Brazil also imported about 0.7 million tons of diesel from Algeria, Kuwait, Netherlands and the U.S. in March after 0.45 million tons in February, LSEG data showed.

Diesel exports from Russian ports to African countries fell last month to 0.73 million tons from 0.84 million tons in February. Libya, Tunisia, Senegal, Ghana and Egypt were among the top importers, according to the shipping data.

Meanwhile, about 0.5 million tons of diesel were loaded in March at Russia's Baltic port of Primorsk, but they still have no final destination.

In total, Russian seaborne diesel and gasoil export supplies fell by 4% in March from February to around 3.6 million tons, according to Reuters calculations based on LSEG and market sources data.

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  • Last Update: Apr 03, 2024 4:05 pm
    KEYWORDS
    energy market energy imports seaborne diesel gas russia eu sanctions türkiye brazil
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