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Saudi Arabia More Than Doubles Russian Oil Imports

September 3rd, 2022
Categories: News

Link: https://anti-empire.com/saudi-arabia-more-than-doubles-russian-oil-imports/

Saudi Arabia, the world’s largest oil exporter, more than doubled the amount of Russian fuel oil it imported in the second quarter to feed power stations to meet summer cooling demand and free up the kingdom’s own crude for export, data showed and traders said. Saudi Arabia has for several years imported Russian fuel oil, which can reduce its need to refine crude for products and cut the amount of oil it needs to burn for power, leaving it with more unrefined crude to sell on international markets at higher prices.

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