Back to mobile site

Russian oil terminals under attack unable to accept shipments for second week, sources say

April 3, 2026 3:59 PM EDT

FILE PHOTO: A satellite near-infrared image shows smoke rising from Russia's Baltic port of Ust-Luga after a Ukrainian attack, in Ust-Luga, Leningrad Oblast, March 27, 2026. Vantor/Handout via REUTERS/File Photo

April 3 (Reuters) - Russia's Baltic ‌oil export ​hubs ​at Ust-Luga and Primorsk remain unable to handle shipments after a series of Ukrainian drone attacks, ‌prompting the country's refineries to find alternative routes for ⁠export, industry sources said on Friday.

The attacks have damaged port infrastructure ‌and continued through the ‌last two weeks of March, with at least five strikes on Ust-Luga in the space of 10 days.

Sources said ​the export restrictions, along with disruptions at large refineries, could lead to a decrease in oil production in ⁠Russia.

Traders said refineries have been unable to deliver diesel fuel to Primorsk for ​export since March 22, leaving refineries in European Russia and Siberia without their most viable export ​route.

"Diesel fuel has not been accepted ‌in Primorsk since Sunday (March 22)," said one industry source. "They have promised to resume accepting delivers ⁠to the system."

Traders said refineries were having to consider more expensive rail transport routes to other export terminals.

Refineries normally sending deliveries to ⁠Ust-Luga have for the past week and half considered sending their ​shipments of fuel oil to Vysotsk, further north on the Gulf of Finland or to Taman on the Black Sea coast.

But traders say ‌Vysotsk has a smaller handling capacity and shipping to Taman would require ensuring larger numbers ‌of rail cars.

Finnish maritime officials told Reuters this week that ⁠shipments from Primorsk and ‌Ust-Luga were sharply ​down to "individual vessels" instead of a weekly average of 40 to 50.

(Reporting by Reuters; Editing by Mark ‌Porter)



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Reuters