Asian Imports of Russian Fuel Oil Are Set to Hit a Record High

Asian fuel oil imports from Russia are on course to reach an all-time high this month, shipping data from Kpler and LSEG has shown, as reported by Reuters. Total volumes are seen reaching over 3 million tons, or 614,500 barrels daily, according to the publication. The record high imports from Russia come as a replacement for lost fuel oil supply from the Middle East amid the escalating war between the United States, Israel, and Iran. More than half of those 3 million tons are going to Southeast Asia, at between 1.7 million and 1.9 million tons,…