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Russian oil and products have become trapped at sea on four tankers after the United States hit the vessels with fresh Iran-related sanctions, LSEG data showed on Friday. The development... -April 12, 2024 at 09:55 am EDT - MarketScreener
MOSCOW/LONDON: Russian oil and products have become trapped at sea on four tankers after the United States hit the...
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In February, China and India remained primary destinations for Russian seaborne fuel oil and vacuum gasoil (VGO) exports, as they sought alternatives to crude oil. Russia redirected most of its fuel oil and VGO to Asia following the EU's oil embargo. Seaborne exports to India and China increased, while shipments to Turkey declined.