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.

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Singapore , Russian Oil , Mixed , Profits , Traders

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