Singapore — Russia's exports of the medium sweet ESPO Blend crude in June areexpected to total 2.4 million mt, down 7.69% from May, according to the latestmonthly loading program seen by S&P Global Platts.
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ESPO Blend's June program runs from May 30 to July 1 and will comprise 24 cargoes of 100,000 mt each, according to the program.
This was similar to the May loading program which runs from April 30 toJune 1.
The June loading rate will average 533,091 b/d, down from 577,515 b/dscheduled for May.
According to the program, state-owned Rosneft holds five cargoes for Junedown from 11 in May including those that are being marketed by CEFC, whileCEFC will hold four cargoes separately.
Surgutneftegaz holds seven cargoes for June and has already sold fourcargoes through two tenders. One cargo for loading over May 30-June 5 wasawarded to Trafigura at a premium of around $3.50/b to the Platts front-monthDubai crude assessments on a FOB basis, while three cargoes for second-halfJune loading were awarded to an unknown buyer at a premium of around$3.40-$3.50/b to Platts front-month Dubai crude assessments, FOB.
Small producers including Swiss-based Tenergy will hold a total of sixcargoes while Gazpromneft and Lukoil will hold one cargo each for June,according to the program.
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