Russian Fuel Cargos Pile Up at Sea as South Korean Buyers Grow Cautious

Thomas Klemp
May 7, 2024

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Russian oil product cargos are piling up at sea as their South Korean buyers grow reluctant to go through with their deals amid a government crackdown on sanction evasion, Bloomberg has reported, citing unnamed sources. According to Kpler data, there are over 2 million barrels of Russian naphtha sitting off the coast of Oman…
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