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Russia Sent Record Level Fuel Oil, VGO to India in September

OIL PRODUCTS

Russia sent record volumes of seaborne fuel oil and vacuum gasoil to India las month, totaling 1.4mn tons, up from 0.6mn tons in August, LSEG data and Reuters calculation showed.

  • Russian fuel oil and VGO exports to India rose above 5.5mn tons in January-September 2023, up from 2.5mn tons in the same period in 2022.
  • India buys straight-run fuel oil and VGO for refining, partially replacing more expensive Urals barrels, market sources told Reuters.
  • The UAE, China, Singapore and Malaysia are also among the big importers of Russian fuel oil and VGO, accounting in total about 1.3mn tons in September.

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