Sanctions and Strikes Squeeze Russia’s Fuel Oil Flows to Asia
Market Intelligence Analysis
AI-PoweredRussia's fuel oil exports to Asia are declining for the third consecutive month due to US sanctions and Ukrainian attacks on oil infrastructure, tightening fuel oil supplies in the region.
Market impact analysis based on bearish sentiment with 85% confidence.
Article Context
Russia’s fuel oil exports to Asia are set for a third consecutive month of declines in January as the U.S. sanctions deter buyers and Ukrainian attacks on Russian oil infrastructure reduce shipments. So far this month, Russia has exported around 246,000 barrels per day (bpd) of fuel oil to Asia, according to vessel-tracking data by Kpler cited by Reuters. These lower Russian shipments, on track for a third straight month of declines, combine with reduced exports of fuel oil from Venezuela amid the U.S. blockade and could tighten the…
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