OPEC Monthly Oil Market Report – September 2017
total crude oil exports
from the former Soviet Union (FSU) went down from the previous month,
declining by 232 tb/d, to average 6.6 mb/d. Crude exports through Russian pipelines saw a minor drop as
they declined by 62 tb/d, or 2%, to average 3.8 mb/d.
Total shipments from the
dropped by 44 tb/d, or 5%, to average 492 tb/d. Exports through
Kozmino increased by 75 tb/d to average 671 tb/d in July.
Exports from the
declined by 44 tb/d to average 1.3 mb/d in July.
Black Sea total exports
went down by 56 tb/d, mainly as the Novorossiyk port terminal decreased its
exports to average 575 tb/d. In the
, BTC supplies declined by 8 tb/d, or 1%, from the
previous month to average 691 tb/d.
FSU total product
went down in July from the previous month by 233 tb/d, or 7%, to average
2.9 mb/d. This decline came as a result of a drop in all exported products, with the exception of VGO, which
increased from last month by 41 tb/d.