Russia is set to export approximately 180 000 bpd more of crude oil in 2016 in comparison to last year.
Exports via pipelines and the Far East ports leading directly to Asia will only increase it by 50 000 bpd, with the remainder of the growth coming in outflows from European ports.
Higher exports from European ports will thus encourage greater outflows of Russian crude oil from Europe to Asia. As a result, this will intensify the battle for market share there, as well as in Europe.
Edited from source by Stephanie Roker
Read the article online at: https://www.worldpipelines.com/business-news/11032016/russias-crude-exports/