Russian Oil-Product Cargoes Stranded as South Korea Cracks Down
Tue, May 7, 2024 11:34 AM

Russian Oil-Product Cargoes Stranded as South Korea Cracks Down

A Flip by Riya Sharma
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More than 2 million barrels of Russian naphtha, a building block for plastics, have been held in tankers for more than a week, with some in the waters near Oman, as of May 5, according to market intelligence firm Kpler. That’s up from a weekly average of about 790,000 barrels in January and February. Petrochemical makers in South Korea, traditionally major buyers of the Russian product.

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