According to foreign sources on April 25th, market insiders stated that the oil loading at ports in western Russia is expected to decrease by about 1 million tons in May due to seasonal and unplanned maintenance at domestic refineries.

On a daily basis, this will decrease by about 13% compared to April. May has one more day than April.

In April of this year, the expected crude oil loading volume for Ural and KEBCO ports in the Baltic Sea of Russia was between 7.1 and 7.3 million tons, while the planned loading volume for Novorossiisk port in the Black Sea was 2.3 million tons of Ural, KEBCO, and Siberian light crude oil.

According to industry data released on Thursday, Russia's offline primary refining capacity in May may drop from 4.75 million tons in April to 2.95 million tons.

Industry insiders point out that Russia's oil loading plans at Primorsk, Ust Luga, and Novorossiisk ports have not yet been announced, and the overall export volume will depend on the completion time of key factory maintenance, including the Tuapse refinery.

Industry insiders said, "The maintenance of Tuapse refinery is expected to be completed by the end of April, but the restart time is now moving to early May."

According to calculations in mid April, Russia was able to quickly repair some key refineries attacked by Ukrainian drones, reducing the idle production capacity caused by the attack from nearly 14% at the end of March to about 10%.

Russian Deputy Prime Minister Novak stated in early April that Russia's OPEC production quota for June will be 9 million barrels per day after gradually reducing production as planned.

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