During May, Turkey’s intake of Russian Urals crude is projected to be approximately 161,000 barrels daily.
Flag of Turkey / © Associated Press
Turkey is decreasing its procurement of Russian Urals petroleum products from Baltic and Black Sea harbors to a notable extent. The expected import volumes for May represent the lowest levels in nearly eighteen months.
This information comes via Reuters.
As per the news outlet, Turkish imports of Russian Urals crude oil are estimated to average approximately 161,000 barrels per day during the month of May.
This quantity is less than the 189,000 barrels per day average recorded between January and April. Moreover, it is considerably lower compared to May of 2025, when Turkey brought in about 302,000 barrels daily.
One trader from a major Western firm informed Reuters that while Turkey has historically acquired Russian oil at substantial markdowns, current pricing dynamics are making such acquisitions less appealing.
Two additional sources at the news organization attributed the diminished supply volumes in April and May to heightened demand for Russian oil within Asia, particularly in India.
Concurrently, Reuters highlights that the reduction in Urals imports is partly counterbalanced by increased shipments of CPC oil to Turkey originating from the Caspian region.
This refers to petroleum, which, depending on the delivery channel, can be transported either through Russia or Kazakhstan.
It had been previously mentioned that, because of Ukrainian drone-imposed sanctions, Russia has forfeited a quarter of its oil processing capability.
We had earlier indicated that a continued blockade of the Strait of Hormuz lasting until August would jeopardize the global economy with a downturn akin to the 2008 global financial crisis.
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Source: tsn.ua