Russia's Urals oil exports from Baltic Sea ports set to fall by 13pc on July 1-12, m/m

On a daily basis exports will fall by 13 percent in the first 12 days of July compared to the current month.

Loadings from Primorsk will be unchanged to June at 1.2 million tonnes, according to the document, while Urals loadings from Ust-Luga are seen lower by 0.3 million tonnes compared to the current month, at 0.9 million tonnes.

Exports of Urals and Siberian Light from the Novorossiisk port on July 1-12 are also seen lower compared to the same period of June, or at 0.98 million tonnes versus 1.12 million tonnes this month.