‘Banned’ Russian oil in high demand – Bloomberg ...News

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‘Banned’ Russian oil in high demand – Bloomberg
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The fuel is reportedly being blended and re-exported from hubs like Singapore Demand has been soaring for oil storage tanks in Singapore due to a rise in interest and profits from mixing cheap fuel supplies from Russia with shipments from other suppliers, Bloomberg reported on Thursday, citing sources. According to people familiar with the matter, this process can help to obscure the cargoes’ origins. The report indicated that Singapore hasn’t banned the importation of Russian oil or petroleum products, however, financial institutions based there are prohibited from financing or dealing with Russian goods and comp

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