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Russian Floating Diesel Grows

OIL PRODUCTS

Floating Russian diesel at sea for longer than 7-days is growing according to Kpler.

  • Around 3.2 million barrels of Russian diesel-type fuel have been idling offshore for seven days or more (see chart).
  • Vessels laden with Russian diesel have left Primorsk, circled and then headed back to port, seemingly unable to find buyers according to Braemar.
  • Braemar have also said Russian flows to Latin America were weaker than anticipated, with high US flows limiting buying interest.
  • Russia sent just three cargoes to Brazil in February, carrying around 820,000 barrels of diesel.






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