Russian oil is getting mixed in Singapore and then re-exported, sources say


SINGAPORE, Jan 21 (Bloomberg): Demand is soaring for oil storage tanks in Singapore, in a sign that a flood of Russian fuel is being blended and re-exported globally.

Tank space in the city state is being snapped up due to a rise in interest and profits from mixing cheap fuel supplies from Russia with shipments from other sources, according to an executive from a tank operator and a consultant who advises traders on the matter.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Singapore , Russian Oil , Mixed , Profits , Traders

Next In Aseanplus News

Thai business group cuts 2026 growth outlook amid energy shock, stagflation risk
Sydney court refuses bid to suppress names of alleged Bondi killer's family
South Korean doctors on Manila-bound flight save passenger in midair emergency
World does not need a crisis over Taiwan, opposition leader says ahead of China trip
Indonesia reports first health professional death amid measles outbreak
Singapore urges caution after recent crocodile sightings near Pulau Ubin
Diesel price doubles in Cambodia on Middle East conflict fallout
Update: One dead as 7.4-magnitude quake hits Eastern Indonesia; tsunami warning issued but later removed
Ringgit opens higher vs major currencies on optimism over easing tension
Bursa Malaysia, Asian stocks rise as Trump plans for speedy end to Middle East conflict

Others Also Read