Russian Fuel Oil Flows To Asia As EU Ban Takes Effect ...Middle East

OILPRICE - Economy
Russian Fuel Oil Flows To Asia As EU Ban Takes Effect
source : OILPRICE ( Middle East ) () 24
Russia had diverted most of its fuel oil and vacuum gasoil (VGO) exports to Asia and the Middle East even before the EU embargo on Russian petroleum products came into effect on February 5, according to data from traders and Refinitiv cited by Reuters. Last month, the European Union took less than 5% of Russia’s fuel oil and VGO, with Greece, Latvia, and Italy importing small volumes of those products, according to the data. Traders believe that these volumes could easily be redirected to other destinations, mostly in Asia.   India has…

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