Saudi Arabia's Diesel Trade Breaks Records, Boosts Profits.

Saudi Arabia is importing record volumes of cheap diesel from Russia and exporting record levels of its own diesel to the higher-priced Asian market in the Singapore hub, making money from diesel trading after the EU embargo on Russian fuels. In May, Saudi Arabia is expected to import up to 3.7 million barrels of diesel from Russia, an all-time high, and will export a record 400,000 tons of diesel to Singapore.