According to Reuters, an export embargo was removed and production increased, resulting in an 8.5% increase in seaborne diesel and gasoil shipments from Russian ports to around 2.8 million metric tonnes in November, according to statistics from merchants and LSEG.
Due to a scarcity at home, Russia temporarily restricted the export of diesel starting on September 21. On October 9, the ban was partly removed, allowing Russia to resume exporting ultra-low-sulfur diesel (ULSD) via Transneft pipelines. Russia removed a prohibition on summer diesel shipments on November 22.
As explained, November saw a record high in Russian ULSD exports to Brazil, according to information from merchants and LSEG.
Many of Brazil’s diesel supplies, which were previously imported from the United States, have been replaced, according to merchants, by Russian fuel.
Following the imposition in February of this year of a comprehensive embargo by the European Union on Russian oil products, Russia has redirected its diesel supply to Brazil, Turkey, and other African and Asian nations.
In December, the majority of the shipments will reach Brazilian ports.
According to LSEG statistics, between January and November, Brazil received 5.8 million metric tonnes of ULSD imports from Russian ports, while U.S. diesel supply decreased to 2.25 million metric tonnes from 5.9 million metric tonnes in the first 11 months of 2022.
In November, a further 155,000 metric tonnes of Russian diesel were sent to be transferred from ship to ship close to the port of Kalamata in Greece. It is still unknown where these cargoes will end up. Currently, the destination of almost 200,000 metric tonnes of diesel is unknown.
