APPEC: Vitol CEO says Russian fuel to come to Asia and Mideast
FILE PHOTO: Vitol CEO Russell Hardy speaks during the 20th Asia Oil & Gas Conference in Kuala Lumpur, Malaysia June 24, 2019. REUTERS/Lai Seng Sin
Russian fuel is expected to come to Asia and the Middle East and fuels produced there are expected to flow to the West, said Russell Hardy, chief executive officer of Vitol, at the 38th Annual Asia Pacific Petroleum Conference (APPEC) 2022.
More than a million barrels per day of U.S. crude is expected to go to Europe to fill the gap in Russian supplies, he said.
Source: Reuters
