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Free AccessRussia Starts Diesel Exports To Chile
Russia has started diesel exports to Chile, expanding its oil products supplies to Latin America, following the oil product exports embargo by the EU, market sources said and Refinitiv Eikon data showed.
- Two cargoes with around 73,000 tons of diesel heading to Chile loaded at Russia's Baltic port of Primorsk, Refinitiv data showed.
- Russia exported around 1.74mn tons in April from Primorsk, compared with 2.07mn tons in March, Bloomberg tanker-tracking data showed.
- Since the EU embargo on importing oil products of Russian origin went into effect, Russia has diverted its sea-borne diesel supplies to Asia, Africa, the Middle East and increasingly to Latin America.
- In January-April, Russia exported to Latin and South American countries about 1.5mn tons of diesel, Refinitiv data showed.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.