European Boosts Imports Of Russian Fuel Oil ...Middle East

OILPRICE - Economy
European Boosts Imports Of Russian Fuel Oil
source : OILPRICE ( Middle East ) () 30
We have already written about one of the most paradoxical developments of the US-Russia energy relationship, namely that American refiners have become the number one buyer of Russia’s fuel oil production. With Venezuelan crude squeezed out from the American market, Iranian exports kept at bay by means of a similar set of sanctions, Mexico remaining in decline and even acquiescing to a OPEC+ production cut, Russian fuel oil remains one of the very few USGC feedstocks that is still not too pricey and available in sufficient volumes. However,…

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