Markets

Crude oil export and transit from Russia to rise 0.7pc in Q2/Q1 2019: schedule

MOSCOW: Crude oil exports and transit from Russia have been set at 62.8 million tonnes for April-June 2019 compared
Published March 18, 2019 Updated March 18, 2019 12:05pm

MOSCOW: Crude oil exports and transit from Russia have been set at 62.8 million tonnes for April-June 2019 compared with 61.7 million tonnes for January-March, according to a quarterly schedule issued by the energy ministry and seen by Reuters.

On a daily basis, exports will rise in the second quarter of 2019 by 0.74 percent compared with January-March 2019, Reuters calculations showed.

Turkmenistan, which resumed crude oil transit via Russia in February for the first time since 2016, received a quota to export 0.59 million from the Black Sea port of Novorossiisk in April-June.

Copyright Reuters, 2019