Russia's fuel oil exports to Asia decline amid sanctions
pre-market1 source ↓written by the desknot a recommendation
- shipped so far
- 246,000 bpd
Russia’s fuel oil exports to Asia are set to decline for the third consecutive month, with around 246,000 bpd shipped so far in January. U.S. sanctions and Ukrainian attacks on oil infrastructure are deterring buyers, tightening the high-sulfur fuel oil market in Asia. Analysts warn that reduced shipments from Venezuela could further exacerbate supply issues.
Not investment advice. For informational purposes only.