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Diesel exports from Russia's Primorsk may fall 17% in February m/m

MOSCOW, Feb 11 (Reuters) - Ultra-low-sulphur diesel loadings from the Russian port of Primorsk may fall about 17% month-on-month in February to 1.7 million metric tons, as lower fuel output and harsh Baltic weather disrupt supplies, data from traders, LSEG and Reuters calculations showed on Wednesday.

Last month, exports via Primorsk, Russia’s largest outlet for ultra-low-sulphur diesel shipments, jumped 32.4% on the month to a record 2.256 million tons.

Peak maintenance at Russian primary refining units was expected in January, according to Reuters calculations based on industry estimates, curbing fuel output and reducing the volumes available for export this month.

Meanwhile, severe frosts sweeping across Russia in January and February, with temperatures dropping sharply below seasonal norms, prompted port authorities to tighten vessel requirements and bar tankers without ice‑class certification from entering ports of Primorsk, Ust-Luga, Vysotsk and St. Petersburg.

The tougher ice restrictions could shrink in February the pool of tankers available for fuel loadings at Russia’s Baltic ports, traders said.

Shipping data show diesel loadings from Primorsk port have totalled 0.6 million tons so far in February, or around 56,000 tons per day.

 (Reporting by Reuters in Moscow
Editing by Tomasz Janowski)

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