Russian diesel fuel has been struggling to find buyers since Western restrictions were imposed on domestic petroleum products. The maximum number of tankers carrying diesel fuel belonging to the Russian Federation, now drifting in the open sea, was recorded. It has been reported BloombergHe cites data from analytics firm Kpler.
The article indicates that the ships were off the coasts of Europe, Africa and South America.
“As of March 5, it contained a total of 4.4 million tons of diesel,” the material says.
Analysts say the figure was four times lower before the European embargo and the ceiling on Russian oil products. Wood Mackenzie analyst Mark Williams said this indicator of unsold Russian fuel on ships is the highest ever.
At the end of February, North African countries started then buy diesel fuel in bulk from Russia to resell in Europe.