Russia’s Fuel Exports Hit 3-Month High on Diesel, Fuel Oil Boost
Fuel and oil rail wagons at the Zeletsyno train station near Nizhny Novgorod, Russia.
Photographer: BloombergRussia’s exports of refined fuels in May are on track to reach a 3-month high as increased diesel and fuel oil shipments more than compensated for a slowdown in naphtha and other secondary feedstock fuel flows.
Seaborne shipments of petroleum products totaled 2.23 million barrels a day through May 24, according to data compiled by Bloomberg from analytics firm Vortexa Ltd. That’s the highest since February and 4% more than April’s daily average.