Russian oil products may be increasingly headed to Saudi Arabia via Egypt

The volume of Russian oil products appears to be landing in Saudi Arabia and Egypt.

The amount of power station fuel Saudi Arabia is taking from Egypt is the highest in six years. Egypt's imports of fuel from Russia have risen to the highest level in more than two years.

Jonathan Leitch, an oil market analyst at Turner, Mason & Co., said that increasing volumes of Russian fuel oil are making their way to Saudi Arabia.

As Saudi Arabia ramps up its appetite for fuel over the summer, the increase in exports comes.

Russian barrels first travel to Egypt's Ain Sukhna terminal in the Red Sea, where they can be shipped to western ports in Saudi territory. Saudi and Egyptian officials wouldn't speak to us.

While the US and EU have imposed embargoes on Russian oil, there are no sanctions that would stop Egypt from buying Russian oil and selling it to other countries.

Russia is able to avoid attempts to choke off its revenue from energy exports because of the move.

Peter La Cour, an analyst at Energy Aspects, said that Saudi Arabia has been increasing its imports of Russian fuel oils. It makes sense to use Russian fuel oil for power generation in Saudi Arabia.