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EU ban on Russian seaborne oil to intensify shifts in trade flows | Hellenic Shipping News Worldwide

The EU has agreed to ban Russian oil imports by sea, amounting to more than two-thirds of Russian crude deliveries to the bloc, in a move expected to further reshape global energy flows and add to price pressures as buyers seek alternative supplies. Brent crude futures for August were up by 1.6%, or $1.92/b, at ...
Black Sea Oceans General United Kingdom Czech Republic Zaporiz Ka Oblast Primorsko Goranska

Rare ship-to-ship transfers keep oil moving from Russia to china

Highlights: ESPO oil from Kozmino transfered from tankers off South Korea Financial sanctions have reduced availability of oil vessels A logistically risky and costly transfer of crude between tankers at sea highlights the steps at least one Chinese buyer is willing to take to ensure the smooth flow of oil from eastern Russia to Asia. Buyers are using creative ways to maintain
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EU's proposed ban on Russian crude likely to reshape global oil market | Hellenic Shipping News Worldwide

EU plans announced May 4 to halt Russian oil imports by year-end is expected to reshape global energy flows and add to price pressure as buyers race to secure new supplies. Brent crude futures rose by more than 4% in European trading after the announcement and stood at $109.48/b by 11:45 GMT. The move, announced ...
Black Sea Oceans General United Kingdom Czech Republic Zaporiz Ka Oblast Primorsko Goranska

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