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Russian Diesel to Singapore Surges March - Post EU Ban

OIL PRODUCTS

Singapore's diesel imports from Russia hit their highest volume in more than a year in March and are likely to stay elevated in April as Russia find alternatives to Europe post Feb-5 ban.

  • Singapore's March diesel imports hit 46,000 tonnes (342,700 barrels) according to data from Enterprise Singapore, Refinitiv, Vortexa.
  • Singapore's Russian gasoil imports last hit an all-time high of 95,000 tonnes in December 2021, but the Asian oil hub received only 20,000 tonnes of the industrial fuel from Russia in 2022 according to Refinitiv.

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