Russia’s Fuel Exports Seen Falling Sharply as Buyers Stay Away
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Russia’s exports of refined fuels are sliding fast as buyers stay away following the invasion of Ukraine, denting supplies in a market that’s already fretting over stockpiles.
Exports of products including diesel and naphtha are down by about 520,000 barrels a day from a month earlier, consultant OilX wrote in a note to clients. Vortexa Ltd. estimates are down by about 600,000 a day, at 2.4 million barrels a day.