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Saudi Arabia Is Profiting From Its Record-Breaking Diesel Trade

Saudi Arabia is making money from diesel trading after the EU embargo on Russian fuels, as the world’s top crude exporter is now importing record volumes of cheap diesel from Russia and exporting record levels of its own diesel to the higher-priced Asian market in the Singapore hub, trading and ship-tracking sources have told Reuters.

We’ve diesel stocks to run for over 2 weeks – NPA

The National Petroleum Authority (NPA) has ruled out reports of diesel shortage on the market, insisting, the country has adequate stocks to last for more than two weeks. It follows reports that some Oil Marketing Companies (OMCs) are struggling to secure diesel from Bulk Oil Distribution Companies. This resulted in shortages at some service stations […]