U.S. refiners receiving last Russian oil cargoes before wind-down (updated)

Novorossiysk Commercial Sea Port PAO

20/04/2022 16:22

(Adds response from Vitol, ship managers)
    By Arathy Somasekhar
    HOUSTON, April 20 (Reuters) - Nine tankers carrying
Russian-origin crude and fuel oil have discharged in the United
States in April, likely the last ones to deliver before a
wind-down set by Washington expires this week, customs and
tanker tracking data showed.
    The United States last month set an April 22 ban on imports
of Russian crude and refined products. The United States gave
importers of Russian petroleum, liquefied natural gas and coal
45 days to take en route and under-contract cargoes. 
    Tanker Seamagic, which loaded fuel oil at Russia's Taman
port, discharged at Valero Energy's  VLO.N  St. Charles,
Louisiana, refinery last week, the last of the nine tracked to
discharge. The data does not include ship-to-ship transfers or
Russian-origin oil loaded elsewhere. 
    Minerva Ellie, a vessel carrying high sulfur fuel oil (HSFO)
and sold by Russia's Rosneft  ROSN.MM , also discharged at
Valero's St. Charles facility, according to U.S. customs data.
The cargo was chartered by commodities trader Vitol. 
    Vitol declined to comment on trading activity. Minerva
Marine Inc, which manages Minerva Ellie, and Thenamaris (Ships
Management), which manages Seamagic, also declined to comment.
Valero did not immediately reply to a request for comments.     
    The United States imported 672,000 barrels per day (bpd) of
Russian crude and refined products last year, according to data
from the Energy Information Administration. Of that, 30% or
199,000 bpd was crude while 473,000 bpd was refined products. 
    This month, one crude and eight fuel oil tankers carrying
about 6.3 million barrels that departed from Russia reached U.S.
ports and lightering zones, according to the data.
    A 2 million-barrel cargo of Caspian Pipeline Consortium
(CPC) Blend and Urals crude that departed from Russia was
received in Delaware, according to ship tracking data based on
the chartering contract. 
    CPC Blend is composed of oil from Kazakhstan and often mixed
with Russian oil and loaded at Russia's Novorossiysk port on the
Black Sea. The U.S. ban on Russian imports does not prohibit
trading in CPC crude, but advises that the Russian origin crude
should be segregated.

 (Reporting by Arathy Somasekhar in Houston; Editing by Matthew
Lewis and Mark Porter)
 ((arathy.s@thomsonreuters.com; +1 832 208 3362; Twitter:
@ArathySom;;))