According to Reuters article published on January 27, 2023, Urals and KEBCO crude oil loadings from Russia's Baltic port of Ust-Luga over Feb. 1-10 may rise to 1.0 million tonnes from 0.9 million in the plan for the same period of January, traders said.
This is up by 11% on a daily basis, Reuters calculations showed.
Urals, KEBCO and Siberian Light loadings from Primorsk and Novorossiisk ports for Feb. 1-10 were slow to emerge, while traders expect oil supplies from Russia's Western ports to stay high next month.
Oil loadings from Russia's Baltic ports are set to rise by 50% this month from December as sellers try to meet strong demand in Asia and benefit from rising global energy prices, traders said and Reuters calculations showed.
Kazakhstan has changed the name of the oil it exports via Russian sea ports to Kazakhstan Export Blend Crude Oil (KEBCO) to dissociate it from oil originating in Russia in order to avoid sanction risks and issues with financing.
