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  • Diesel exports from Primorsk are on track for a multi-year low in May. Only 590,000 mt (190,000 b/d) has left the Russian Baltic port so far this month (1-23 May).

  • Observed monthly exports, on a b/d basis, have not been lower since 2016. Around 880,000t (210,000 b/d) was scheduled to load from the port this month.

  • Q2 refinery maintenance and the reported shutdown of the 180,000 b/d Antipinsky refinery in late April has restricted exports — Primorsk is the single largest exporting port of Russian diesel.

  • Poland has imported three cargoes this month, compared with one in April. And Germany’s share of Primorsk exports currently stands at around 40%, up from around 30% last month.

  • The uptick in Poland and Germany import activity could be tied to recent Russian crude contamination issues as both nations have refineries receiving crude from the Druzhba pipeline.

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