Saudi Arabia was top buyer of Russian fuel oil and VGO in November – Business & Finance

MOSCOW: Saudi Arabia was the top destination for Russian sea-borne fuel oil and vacuum gasoil (VGO) exports in November, according to traders and LSEG data.

Total fuel oil and VGO exports from Russian ports last month rose by 6% from October to about 4.26 million metric tons, according to Reuters calculations based on LSEG data.

Since the European Union’s full embargo on Russian oil…