After the ban on the import of Russian diesel fuel to the EU and the introduction of a price ceiling for third countries, its exports increased. European volumes were accepted by Türkiye, Brazil, Saudi Arabia and the countries of South Africa.
If before the restrictions Europe was the largest consumer of Russian diesel with a share of 77%, then in the first half of this year they fell to 9%. However, this did not affect fuel exports, Kommersant reports, citing Kpler data. Deliveries from Russia grew by almost 11% – up to 1 million barrels per day.
Türkiye began to buy most of all from Russia. Its share increased from 8% to 30%. Following are Brazil (11%), Saudi Arabia (11%) and African countries, which already account for 20%. Among them are states from both the east coast and the north – from Ghana to Morocco and Libya.
The main reason for the reorientation of consumers on three continents to Russian diesel is the discounts offered by suppliers. The discount is around $20 per barrel. Russian producers earn $10 more per barrel on diesel fuel than on oil, Kommersant quotes analysts.
2023-07-18 10:20:00
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