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Report: Saudi Arabia Doubling Purchases of Cheap Russian Oil

The amount of Russian fuel oil imported by Saudi Arabia between April and June of this year more than doubled compared to last year, Reuters reported Friday.

“Data obtained by Reuters through Refinitiv Eikon ship tracking showed Saudi Arabia imported 647,000 tonnes (48,000 barrels per day) of fuel oil from Russia via Russian and Estonian ports in April-June this year. That was up from 320,000 tonnes in the same period a year ago,” the news agency reported on July 15.

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