Russian fuel oil exports to UAE's Fujairah set to spike in May

Russian fuel oil exports to UAE's Fujairah set to spike in May

From zawya.com

Russian fuel oil arrivals in the UAE oil hub of Fujairah are set to jump sharply to about 2.5 million barrels this month, data shows, in a sign that flows of Russian oil and refined products are shifting away from Europe. The arrivals in May are about 125% higher than April levels, and about 24% higher than a recent record in November 2021, the data from oil analytics firm Vortexa showed. Russian fuel oil exports from the Black Sea ports of Taman and Novorossiysk to Fujairah are fairly common, but Baltic exports are much rarer and those flows have jumped sharply in April and May, the data showed. One trader said the ... (full story)

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