Saudi Arabia Snaps Up Russian Diesel and Sends Its Own to Europe
- Russian diesel arrivals in Saudi Arabia are at multi-year high
- Saudi Arabia’s diesel/gasoil exports passed US flows in April
Gasoline tankers at an oil refinery in Ufa, Russia.
Photographer: Andrey Rudakov/Bloomberg
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Saudi Arabia is snapping up millions of barrels of Russian diesel that Europe no longer allows, while simultaneously sending its own supplies back to buyers in the EU.
The kingdom imported 174,000 barrels a day of the diesel and gasoil from Russia in April and even more so far this month, data compiled by Bloomberg from analytics firm Kpler show. Simultaneously, it became Europe’s top supplier, leapfrogging Russia since February.