Crude oil export, transit from Russia to rise by 1pc in Q4

MOSCOW: Russia aims to increase crude oil export and transit in the fourth quarter of 2018 to 63.8 million tonnes from 63.3 million tonnes planned for July-September, according to the Russian Energy Ministry's quarterly schedule seen by Reuters.

As a result, Russia plans to increase crude oil export and transit by 1 percent on a daily basis, according to Reuters' calculations.

Russia plans export and transit of 19 million tonnes of crude oil via its Baltic ports in October-December, little changed from the 19.1 million tonnes planned for July-September, the document showed.

Crude oil exports from the Black Sea port of Novorossiisk were set to rise to 8.8 million tonnes compared to the 8.5 million planned for the third quarter.

Russian crude oil supplies to Belarus refineries will rise to 4.6 million tonnes compared to 4.4 million tonnes in the third quarter. That brings overall supplies to Belarus to 18 million tonnes for 2018 as previously agreed by the states.