Public Joint Stock Company Rosneft Oil Company (ROSN.ME)

Russia may cut naphtha exports by third after fires-traders, data

Russia will likely cut exports of naphtha by some 127,500 - 136,000 barrels per day, or around a third of its total exports, after fires disrupted operations at refineries on the Baltic and Black Seas, according to traders and LSEG ship-tracking data. There are jitters in the market because Russia is a key exporter of naphtha to Asia, and this kind of short-term disruption could cause prompt tightness, a naphtha trader said. Russian energy company Novatek was forced to suspend some operations at the huge Baltic Sea fuel export terminal and "technological processes" on Sunday at a nearby fuel-producing complex due to a fire, started by what Ukrainian media said was a drone attack.