Russian oil products may be increasingly headed to Saudi Arabia via Egypt | Businessinsider

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Saudi Arabia is taking 3.2 million barrels of power station fuel from Egypt this month, marking a six-year high.For more stories,Increasing volumes of Russian oil products are appear to be landing in Saudi Arabia by way of Egypt,While Egypt exported fuels to Saudi Arabia before Russia invaded Ukraine, Saudi Arabia is now taking 3.2 million barrels of power station fuel from Egypt this month, according to data from Vortexa cited by Bloomberg, marking a six-year high.

The increased exports come as Saudi Arabia typically ramps up its appetite for fuel over the summer as scorching temperatures drive up energy demand. While the US has imposed an embargo on Russian oil and the EU is phasing in a partial ban, there are no direct sanctions that would stop Egypt from importing, then selling, Russian oil products to neighboring countries.

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