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On December 4, 2022, the bulk carrier and the oil products tanker Nord pass by the crude oil facility Kozmino in Nakhodka Bay, close to the Russian port city of Nakhodka. Tatiana Meel for Reuters

Reuters, MOSCOW, January 23 - As sellers attempt to meet brisk demand in Asia and profit from rising global energy prices, the amount of Urals and KEBCO crude oil loadings from Russia's Baltic ports of Primorsk and Ust-Luga is expected to increase by 50% in January compared to December, according to traders and calculations by Reuters.

In addition, the ports will load 300,000 Tonnes of crude to make up for missed exports in December, according to Reuters sources.

In December, merchants reported that Russia loaded 4.7 million tonnes of Urals and KEBCO from Baltic ports.
To avoid the possibility of sanctions and funding concerns, Kazakhstan altered the name of the crude oil it sells via Russian sea ports to Kazakhstan Export Blend Crude Oil (KEBCO).

According to loading projections, oil shipments via Primorsk and Ust-Luga from Russia and Kazakhstan will exceed 7.1 million tonnes in January, which will be a record high.