Russia has increased its fuel exports to Senegal, according to traders and data from financial information company The London Stock Exchange Group (LSEG).
Oil supplies to Senegal hit 550,000 metric tons in the first two months of 2024 alone.
In comparison, exports totaled 1.08 million tons for the entirety of 2023 and 0.37 million tons for 2022.
LSEG attributes the rise in exports to heightened demand for bunker fuel as companies redirect cargo via the Southern African maritime route.
This trend has prompted a notable uptick in the consumption of fuel oil, says the International Bunker Industry Association.
While the majority of Russian fuel oil supplies to Senegal are dispatched from Baltic ports like Vysotsk, Ust-Luga, and St. Petersburg, diesel exports have also seen an uptick, reaching approximately 0.2 million metric tons since the beginning of 2024, compared to 0.8 million tons in 2023.
