Reported about 16 hours ago
The 'Li Bai', a Panama-flagged oil tanker sanctioned by the U.S., has docked at Russia's Kozmino port, becoming the first ship under new sanctions to load crude. Despite the sanctions disrupting the global oil market, with rising futures and freight rates, the continuation of trade in Russian crude indicates a persistent demand. The tanker is set to transport about 733,000 barrels of ESPO crude, with India as its projected next destination, showcasing ongoing interest from buyers even amid strict regulations.
Source: YAHOO