Daily Energy Report
afalhajji.substack.com
Daily Energy Report
Russian fuel oil exports, Iraq-Jordan pipeline, Canada oil sands, air travel costs, sanctions disinformation, Korea battery fire, EU’s green delusion, nickel project cancelled, and more.
Chart of the Day
Reuters: India and China Top Buyers of Russian Fuel Oil in May
Reuters: Indian Imports of Russian Coal Fall, US Shipments Rise
Summary
In May, India and China were the top destinations for Russian seaborne fuel oil and vacuum gasoil exports, which increased by 12%. These products are used for refining, replacing more expensive Urals crude. Exports to Saudi Arabia doubled for power generation, while shipments to Egypt's Ain Sukhna Terminal dropped.