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Russian Fuel Oil Heads to Africa at Record Pace

OIL PRODUCTS

Russian fuel oil shipments towards Africa are set for a record high in February according to Kpler.

  • ~420k tons of Russian fuel oils (including vacuum gasoil and high-sulfur fuel oil) are headed to Africa so far in February, up 77% m/m.
  • Russia’s February exports of the fuels to Asia-Pacific countries are set to drop to the lowest since July 2022 at ~780k tons.

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