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Market Chatter: Traders Ship 30,000 Tons of Refined Fuels to Russia From South Korea

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Traders have shipped close to 30,000 metric tons of refined fuels that were loaded in late July, to Russia from South Korea, Reuters reported on Friday, based on ship-tracking data and a trade source, as Ukrainian attacks hammer energy infrastructure in its oil-rich neighbor.

Two short-range tankers, possibly more, were loaded with fuel products at Ulsan, South Korea and bound for the far east of Russia, Kpler and Vortexa's shiptracking data showed, in what the article described as an unusual trade.

One vessel has since arrived in Russia but not yet unloaded, according to Kpler data and one trade source. Two other sources said the fuel includes diesel and one of the two said there was also a cargo of jet fuel with it.

South Korea's Ministry of Trade, Industry and Resources declined Reuters' request for comment and Russia's energy ministry did not reply.has reached out to Russia's energy ministry seeking comment while Korea's ministry could not immediately be reached.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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