Russia's fuel oil exports increased in July, driven by strong demand from China and Saudi Arabia, with ship-to-ship transfers playing a key role in rerouting shipments towards Asia.
As many Russia n refineries completed planned maintenance, Russia raised its seaborne exports of fuel oil in July, sending a large part of the volumes to China and Saudi Arabia , which were joint top buyers of the Russia n oil product, Reuters reported on Friday, citing data from LSEG. Total Russia n shipments of fuel oil and vacuum gasoil VGO increased by 7% month-on-month in July, to 4 million metric tons, according to the data and trade sources who spoke to Reuters.
Part of the Russian fuel oil and VGO seaborne exports have seen ship-to-ship transfers and loadings on other vessels off the coasts of Malta and Greece, according to shipping data cited by Reuters. Most of the STS shipments are bound for Asia. Russia has pivoted to Asia in its seaborne exports of crude oil and petroleum products after the EU and Western embargoes on imports of petroleum from Russia following Putin’s invasion of Ukraine.
Fuel Oil Exports China Saudi Arabia Sanctions Ship-To-Ship Transfers Red Sea Houthis Asia
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Saudi Arabia to Reduce Crude Oil Exports to China in SeptemberSaudi Arabia is reducing crude oil exports to China in September and raising official selling prices, despite weaker-than-expected demand in Asia.
Read more »
Musk’s X using far-right hate to promote ads for Daily Telegraph and Saudi ArabiaAds are appearing alongside far-right figures' profiles, as well as influencers such as Andrew Tate, who helped spread misinformation after the Southport attacks.
Read more »
Rangers transfer news latest as Goldson's gerard rejection comes to lightThe title winning former Ibrox boss wanted to take Goldson to Saudi Arabia
Read more »
Richarlison: Tottenham striker rejects move to Saudi ArabiaBrazil striker Richarlison says he wants to remain at Tottenham next season despite an offer from a club in Saudi Arabia.
Read more »
Richarlison: Tottenham striker rejects move to Saudi ArabiaBrazil striker Richarlison says he wants to remain at Tottenham next season despite an offer from a club in Saudi Arabia.
Read more »
MMA: Francis Ngannou gets October date for PFL return in Saudi ArabiaFrancis Ngannou will make his return to MMA in a fight against Renan Ferreira on 19 October.
Read more »