Russia Has Started Exporting Diesel To Saudi Arabia

Russia started exporting diesel to Saudi Arabia—its ally in the OPEC+ group—in February, after Moscow’s key fuel export outlet, the EU, enacted an embargo on seaborne imports of Russian oil products on February 5, Reuters reported on Tuesday, quoting traders and ship-tracking data. Ahead of the EU ban on Russian petroleum products, Russia began to divert its oil product cargoes to North Africa and Asia, while Europe is ramping up imports of diesel from the Middle East and Asia to offset the loss of Russian barrels, of which it…