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US imports of Russian oil exceed Saudi shipments

Tankers tracked discharging at US Gulf ports from Russia in 2019 carried a total of 10.7m tonnes. Imports from Saudi Arabia were only 80,000 tonnes higher

US refineries are taking advantage of the IMO 2020 global fuel oil regulations to secure heavily discounted high-sulphur fuel oil and then use it to produce middle distillates and gasoline at higher margins

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