RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2022-03-01 12:15:00

RUSSIAN OIL FOR U.S. YET

RUSSIAN OIL FOR U.S. YET

PLATTS - 28 Feb 2022 - Russian oil and products tankers are continuing to deliver uninterrupted to customers in the US as pressure from international sanctions on Russia ramps up in response to Moscow's invasion of Ukraine.

The latest example of the Kremlin's role as an oil and products supplier to the world's largest economy came on Feb. 28 when the Russian-owned SCF Irtysh was discharging 350,000 barrels of naphtha at the Kinder Morgan Carteret fuel terminal in New Jersey, according to data intelligence firm Kpler.
The tanker -- owned by Russian shipping company Sovcomflot -- had been scheduled to load naphtha from Novatek's terminal in Ust Luga for Feb.2-5, according to a copy of the Baltic loading program seen by S&P Global Platts.

A spokesperson at Sovcomflot was unavailable for comment. A spokesperson at the Kinder Morgan fuel terminal in New Jersey declined to comment on "customer movement information."

US President Joseph Biden has led the international response to Russia's invasion with sanctions targeting the economy and banks using the SWIFT transaction messaging system. The US has said it wants to avoid hitting Russia's exports of oil and gas for now but is keeping targeted energy sanctions 'on the table" if the situation worsens. Along with other measures targeting foreign exchange, some market participants have warned trading in energy and commodities from Russia could be disrupted by the existing financial curbs.

Despite the latest unloading of Russian petroleum products in the US, shipments have recently been in decline. US imports of Russian crude oil have fallen to roughly 13,500 b/d since Jan. 1, down from an average of 199,000 b/d in 2021, according to the latest US data, reflecting declining reliance on Russian crude as the Ukraine crisis escalated.

Russian crude deliveries to the US dropped in half in December to 90,000 b/d, compared with 182,000 b/d in November, the Energy Information Administration said. The country was the ninth top crude supplier in December, down from the fifth spot in November.

S&P Global Platts Analytics had said only one Russian cargo of crude with about 750,000 barrels of ESPO had arrived in the US in 2022, with another 1.6 million barrels of VGO and 1.25 million barrels of fuel oil.

Previously, US reliance on Russian oil had surged after January 2019 sanctions against Venezuela's PDVSA cut off flows of heavy feedstock. But Gulf Coast refiners have other options, including easing exports of Mars or other domestic sour crude or increasing imports of Canadian or Latin American heavy grades at the cost of margins, according to Platts Analytics.

The SCR Irtysh entered the US on Feb. 26, data from Platts ship tracking tool showed. The US has become increasingly reliant on Russian oil in the past few years, buying both Russian crude and refined products in the past few years. Naphtha is a clean petroleum product used commonly to make plastics.

Russian exports to the US have increased in recent years, primarily as a result of US sanctions against Venezuela. Previously, US refiners were particularly reliant on heavy and sour Venezuelan crude, which in some cases is quite similar to Russian medium sour oil.

-----


Earlier:

RUSSIAN OIL FOR U.S. YET
2022, February, 25, 11:40:00
RUSSIA, U.S. SANCTIONS AGAIN
Blocking energy flows and banning Russia from the international financial messaging service SWIFT – two potential responses to Russia's military invasion of Ukraine – remain on the table but were not pursued in the latest sanctions package from the US.
RUSSIAN OIL FOR U.S. YET
2022, February, 25, 11:35:00
RUSSIA SANCTIONS ANEW
"The European Council today agrees on further restrictive measures that will impose massive and severe consequences on Russia for its action, in close coordination with our partners and allies," the council said.
RUSSIAN OIL FOR U.S. YET
2022, February, 22, 13:05:00
RUSSIA SANCTIONS: CONTINUATION
"To be clear: these measures are separate from and would be in addition to the swift and severe economic measures we have been preparing in coordination with Allies and partners should Russia further invade Ukraine," Psaki said.
RUSSIAN OIL FOR U.S. YET
2022, February, 16, 11:45:00
RUSSIAN URALS NEEDED
Urals CIF Rotterdam was assessed at Dated Brent minus $3.645/b on Feb. 15, recovering somewhat from near term lows but still around the lowest level since the pandemic-led demand collapse of summer 2020
RUSSIAN OIL FOR U.S. YET
2022, February, 14, 12:00:00
RUSSIAN OIL FOR CHINA UP
Russia returned as the top supplier to China's independent refineries in January -- overtaking Malaysia -- with arrivals amounting to 2.77 million mt, up 45.7% from the previous month.
RUSSIAN OIL FOR U.S. YET
2022, January, 24, 12:10:00
RUSSIAN OIL FOR U.S. UP
Shipments of Russian crude to the US in 2021 averaged 202,000 b/d, the highest in 11 years. Most of these imports consist of Russian export grades, such as Urals, ESPO Blend and Varandey.
RUSSIAN OIL FOR U.S. YET
2021, December, 27, 11:50:00
RUSSIA'S OIL PRODUCTION WILL UP TO 11 MBD
The country's oil production is set to reach the pre-pandemic level by May next year, as the OPEC+ alliance continues to increase output monthly to meet rising demand.
All Publications »
Tags: RUSSIA, USA, OIL,
Chronicle:
RUSSIAN OIL FOR U.S. YET
2022, August, 12, 08:44:00
6TH ANNUAL LNG SUMMIT USA
The 6th Edition of Wisdom’s Much Acclaimed Annual LNG Summit Will Be Held Live in Houston - PREPARING THE INDUSTRY FOR THE RISE IN DEMAND FOR LNG
RUSSIAN OIL FOR U.S. YET
2022, August, 12, 08:43:00
2022 SAUDI PIPELINES INTERNATIONAL CONFERENCE & EXIBITIONS
Eventat Co (a Saudi local company) is hosting the first-ever “2022 Saudi Pipelines International Conference & Exhibitions” from 4-6 October, 2022 at the Dhahran Expo, Dammam (Eastern Province), Kingdom of Saudi Arabia. The three-day conference and exhibition are dedicated to bringing together over “50+ Regional/International speakers, 100+ Sponsors/Exhibitors, 1000+ Delegates and 3000+ Visitors” from around the globe who carry significant interest in enhancing the pipelines lifecycle for the current and future.
RUSSIAN OIL FOR U.S. YET
2022, August, 12, 08:42:00
9TH INTERNATIONAL LNG CONGRESS LNGCON 2023
9th International LNG Congress (LNGCON 2023) 6-7 March, 2023 Link to the Congress website: https://bit.ly/3tXVmr7
RUSSIAN OIL FOR U.S. YET
2022, August, 12, 08:40:00
GERMANY'S HARD WINTER
With nearly half of German homes relying on gas for heating, the country faces potential rationing if it fails to secure sufficient reserves.
RUSSIAN OIL FOR U.S. YET
2022, August, 12, 08:35:00
LIMITED RUSSIA SANCTIONS
Russian oil production in July was only 310,000 b/d below prewar levels, a fall of less than 3 per cent, while total oil exports were down about 580,000 b/d, according to the IEA’s latest monthly oil report.
RUSSIAN OIL FOR U.S. YET
2022, August, 12, 08:30:00
BRITAIN'S HARD WINTER
Under the government’s latest “reasonable worst-case scenario,” Britain could face an electricity capacity shortfall totaling about a sixth of peak demand, even after emergency coal plants have been fired up, according to people familiar with the government’s planning.
RUSSIAN OIL FOR U.S. YET
2022, August, 12, 08:25:00
GLOBAL LNG UNCERTAINTY
The money lost is dwarfed by enormous profits both BP and Shell recorded this year on the back of soaring refining margins and high oil and gas prices.
All Publications »