Two Russian Diesel Cargoes Bound for Brazil Pivot East Toward Egypt

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Neutral
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94%
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Short Term
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At least two tankers carrying Russian diesel to Brazil have made unusual U-turns in the Atlantic and are now traveling east toward the Suez Canal as sellers are likely chasing spot sales where the fuel fetches higher prices, traders told Reuters on Monday. Since the EU ban on imports of Russian oil products in 2023, Brazil has emerged as a key buyer of Russia's diesel and other refined petroleum products. But some supplies recently loaded at the Russian port of Primorsk on the Baltic Sea will not reach their original destinations in Brazil, according…

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Original article published by OilPrice.com on April 27, 2026.
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