In January-April, Russia exported to Latin and South American countries about 1.5 million tonnes of diesel, mainly to Brazil, after 211,000 tonnes in the whole 2022, Refinitiv data showed. Russian diesel is gaining market share from the United States, which traditionally accounts for most of Brazil's diesel imports. Brazil buys about 30% of its diesel abroad. The Group of Seven rich nations, the European Union and Australia have set price caps at $100 per barrel on Russian oil products that trade at a premium to crude, principally diesel, and $45 per barrel for products that trade at a discount, such as fuel oil and naphtha. (Reporting by Reuters Editing by Mark Potter)
MOSCOW, May 10 (Reuters) - Russia has started diesel
exports to Chile, expanding its oil products supplies to Latin
America after a European Union embargo forced traders to find
new outlets, market sources said and Refinitiv Eikon data
showed.
According to Refinitiv data, two cargoes loaded in April in
Russia's Baltic port of Primorsk with about 73,000 tonnes of
diesel heading to Guayacan port in Chile.
Since the EU embargo on importing oil products of Russian
origin went into effect in February, Russia has diverted its
sea-borne diesel supplies to Asia, Africa, the Middle East and
increasingly to Latin America.
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