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  • Tue. Nov 5th, 2024

Russia keeps US fuel oil exports high as Washington seeks to replace Venezuelan barrels

Russia keeps US fuel oil exports high as Washington seeks to replace Venezuelan barrels

MOSCOW: Russia kept

fuel oil

exports to

the United States

close to its record-highs in the first six months of this year, as

Washington

looks to replace the heavy Venezuelan barrels it stopped buying a year ago, traders said and data showed.

The US imposed sanctions on Venezuelan oil last year in an effort to squeeze out

President Nicolas Maduro

. While facing a drastic fall in revenues, Caracas re-directed some flows and Maduro kept his position.

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