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OIL PRODUCTS: More Russian Fuel Oil Heading for Middle East

OIL PRODUCTS

More Russian fuel oil supplies are being imported into the Middle East instead of taking the longer journey to Asia according to Vortexa.

  • Nearly 250kbd of Russian fuel oil offloaded in the Middle East in the first two weeks of this month – the highest since last August.
  • After the seasonal peak in power generation demand, the rise in Russian imports will likely free up more Middle East fuel oil supplies for exports to Asia Vortexa said. 

 

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More Russian fuel oil supplies are being imported into the Middle East instead of taking the longer journey to Asia according to Vortexa.

  • Nearly 250kbd of Russian fuel oil offloaded in the Middle East in the first two weeks of this month – the highest since last August.
  • After the seasonal peak in power generation demand, the rise in Russian imports will likely free up more Middle East fuel oil supplies for exports to Asia Vortexa said. 

 

Keep reading...Show less