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Chart of the Day: Russian Fuel Oil Exports Increase Significantly in Recent Months. Why?
Summary
Russia’s fuel oil exports increased significantly in recent months and registered record levels over the summer months. For the year, the average was close to the record high recorded in 2018 and 2021 as shown in Figure (1) above. The question is this: As crude and product exports declined in 2024, why did fuel oil exports increase significantly?