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After drone attacks, Russia's oil exports to the western port of Russia have increased by 25%

According to three sources of trading, Russia increased oil exports through its western ports in September by 25% compared to August. This was due to refinery shutdowns caused by Ukrainian drone strikes.

Sources said that September exports via western ports Primorsk Ust-Luga, and Novorossiisk increased to 2.5 million barrels a day (bpd).

Ukraine has intensified its drone attacks against refineries and pipelines for export, leading to fuel shortages in Russia.

The authorities have responded by implementing plans to limit the exports of diesel and gasoline.

Industry sources reported in September that Transneft, the Russian pipeline monopoly, warned oil producers to expect a reduction in production due to attacks.

At least for now, Russia can stick to its crude production plans due to higher exports.

Estimates showed that the daily loadings of Urals and KEBCO grades, as well as Siberian Light, at Primorsk and Novorossiisk increased by 500,000 barrels a day (bpd) in September, up 25% compared to August.

The traders reported that oil loadings had been increased by 600,000 barrels per day compared to initial plans.

One trader, citing preliminary data on refinery outages, said that September's levels of refinery outages exceeded August's record-high levels and were approximately 1.5 times higher than in the same month last.

Exports increased despite drone strikes on Transneft's pipeline system and the major export ports Primorsk, Novorossiisk and Novorossiisk in August and Septembre, which temporarily suspended loading.

(source: Reuters)