Russian Fuel Exports Hit Eight-Month High
- Fuel oil exports jumped, with more going to Africa and Asia
- Weekly diesel/gasoil flows eased to lowest in three weeks
Fuel and oil rail wagons at the Zeletsyno train station near Nizhny Novgorod, Russia.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Russia’s oil-product exports climbed to the highest since April on a four-week average basis, buoyed by a sharp rebound in fuel oil shipments.
Refined fuel flows averaged almost 2.7 million barrels a day in the four weeks to Dec. 31, according to data compiled by Bloomberg from analytics firm Vortexa Ltd. That’s about 152,000 barrels, or 6%, higher than the previous week.