Reported 2 days ago
Oil exports from Russia's main Pacific terminal, Kozmino, are thriving despite new U.S. sanctions. Recent data shows that tankers moving ESPO crude are not on the U.S. sanctions list, with many operating under flags of convenience. As traders adapt, most of the crude is headed to China, and while freight rates have increased due to sanctions, they have stabilized after initial spikes. The resilience of these shipments raises questions about the potential easing of sanctions amid geopolitical discussions.
Source: YAHOO