U.S. refiners receiving last Russian oil cargoes before wind-down

The United States last month set an April 22 ban on imports of Russian crude and refined products. The United States gave importers of Russian petroleum, liquefied natural gas and coal 45 days to take en route and under-contract cargoes.

Tanker Seamagic, which loaded fuel oil at Russia’s Taman port, discharged at Valero Energy’s (VLO.N) St. Charles, Louisiana, refinery last week, the last of the nine tracked to discharge. The data does not include ship-to-ship transfers or Russian-origin oil loaded elsewhere.

Minerva Ellie, a vessel carrying high sulfur fuel oil (HSFO) and sold by Russia’s Rosneft (ROSN.MM), also discharged at Valero’s St. Charles facility, according to U.S. customs data. The cargo was chartered by commodities trader Vitol.

Valero, Vitol and the managers of the tankers did not immediately reply to requests for comments.

The United States imported 672,000 barrels per day (bpd) of Russian crude and refined products last year, according to data from the Energy Information Administration. Of that, 30% or 199,000 bpd was crude, while 473,000 bpd was refined products.

This month, one crude and eight fuel oil tankers carrying about 6.3 million barrels and which departed from Russian ports reached U.S. ports and lightering zones, according to the data.

A 2 million-barrel cargo of Caspian Pipeline Consortium (CPC) Blend and Urals crude that departed from Russia was received in Delaware, according to ship tracking data based on the chartering contract.

CPC Blend is composed of oil from Kazakhstan and often mixed with Russian oil and loaded at Russia’s Novorossiysk port on the Black Sea. The U.S. ban on Russian imports does not prohibit trading in CPC crude, but advises the Russian origin crude should be segregated.