Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Saudi Arabia and India became the largest buyers of Russian fuel oil


August, 26 2025
watermark Economic news

According to LSEG data, Saudi Arabia and India became the main export destinations of Russian fuel oil and vacuum gas oil (VG) in July.


Shipments to Saudi Arabia totaled about 1.1 million tons, which is comparable to June. Most of the volumes are used for power plants, which traditionally burn oil and fuel oil with a high sulfur content during the summer peak of energy consumption.


Shipments to India increased by 65%, reaching 0.6 million tons. Indian refineries purchase Russian fuel oil and LNG as a cheaper alternative to Urals crude oil. 


At the same time, Russian oil imports to the country decreased by about a quarter in July due to reduced discounts and reduced purchases by a number of refiners.


After the EU embargo imposed in 2023, the Middle East and Asia remain the key markets for Russian dark oil products.



    






Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at First Floor, SVG Teachers Co-operative Credit Union Limited Uptown Building, Corner of James and Middle Street, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2025 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.