MOMR September 2017
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Oil Trade

OPEC Monthly Oil Market Report – September 2017



In July,

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

Druzhba pipeline

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

Mediterranean Sea

, 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.