Saudi diesel imports from Russia, exports to Singapore hit records
Oil
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Article by:
Trixie Sher Li Yap - Reuters
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Date Published:
May 30, 2023
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Who was cited:
Lu Yawen, Analyst - FGE Singapore
Leading crude exporter Saudi Arabia is maximising refining profits by importing unprecedented amounts of cheap Russian diesel and in turn shipping record volumes to Singapore, where the fuel can achieve higher margins, shiptracking data shows.
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