Russia seen exporting 180,000 bpd more oil in 2016

Russia will export about 180,000 bopd more in 2016 as compared to last year, analysts said Friday.

According to ESAI Energy, exports via pipelines and Far East ports leading directly to Asia will only increase by 50,000 bopd, with the remainder of the growth coming in outflows from European ports.

Higher exports from European ports will encourage greater outflows of Russian crude from Europe to Asia, intensifying the battle for market share there as well as in Europe.