According to the foreign news on January 30, traders' data showed that the demand for Russian oil in the Asian market has not weakened, and is absorbing the sharp growth of Ural crude oil shipping exports this month, helping Moscow cope with the departure of most Western buyers.

According to the data, in January this year, at least 5.1 million tons of Ural crude oil were transported to Asia from the European ports of Primorsk, Ust-Luga and Novorossiysk in Russia.

The final destination of 1.9 million tons of Ural crude oil has not been determined, but traders expect that most of it will also flow to India or China.

Therefore, it is estimated that the loading volume of Ural crude oil transported to Asia in January may reach about 7 million tons, an increase of about 2 million tons compared with December.

Data shows that Türkiye and Bulgaria are still the only buyers of this crude oil grade in European ports.

As the volume of Ural crude oil shipped to Asia increased, Russia's marine oil supply generally increased. The crude oil loading from Primorsk and Ust-Luga this month is expected to increase by 50% from December to more than 7 million tons, the highest level in four years.

The supply of Ural crude oil further shipped to Asia in January is expected to reach at least 1.4 million tons.

At the same time, Russia's oil delivery to Türkiye this month is estimated to be about 400000 tons, while Bulgaria, excluded from the EU's oil ban on Russia, will receive about 560000 tons of Ural and Siberian light oil.

Russia has been shifting its trade from the EU to other markets, mainly Asia and Latin America.

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