Europe turns to African oil suppliers as Russia shifts to Asia
Stung by Western sanctions, Moscow is increasingly tapping risky ship-to-ship transfers
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Stung by Western sanctions, Moscow is increasingly tapping risky ship-to-ship transfers
The reroutings mark the biggest supply-side shakeup of the global oil trade since the US shale revolution altered the shape of the market around a decade ago.
Even if the EU agrees to an oil ban in its next round of Russian sanctions, analysts said the impact could be tempered by demand from Asia, , ukraine-russia, Ukraine-Russia Conflict, oil prices
Explainer: The Russia-Ukraine war is changing the global oil markets - Russian exports were back to pre-invasion levels in April, according to data from the Paris-based International Energy Agency.
Even if the EU agrees to an oil ban in its next round of Russian sanctions, analysts said the impact could be tempered by demand from Asia.