Traders were diverting cargoes with Russian oil products around Africa to avoid the Red Sea due to a heightened risk of attacks by Yemen’s Iran-aligned Houthi group, data from market sources and LSEG showed. Last week, the fuel tanker Marlin Luanda, carrying Russian naphtha, was attacked in the Red Sea by Houthi rebels. Since the full EU embargo on Russian oil products took effect in February 2023, traders have rerouted fuel oil, vacuum gasoil (VGO) and naphtha cargoes from Russian ports to Asia and the Middle East via the Red Sea and the Suez Canal as the shortest sea route.
Traders divert Russian oil products around Africa to avoid Red Sea
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Traders divert Russian oil products around Africa to avoid Red Sea -sources, LSEG
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Russia-linked tankers return to mainstream oil trades
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Russia boosts light oil product exports via STS loadings -traders, data | Hellenic Shipping News Worldwide
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