Reported about 16 hours ago
Russia's seaborne crude exports have faced their steepest decline since November, following extensive US sanctions imposed by President Biden on its oil trade. This resulted in a significant drop in daily flows, with tankers diverting and a shortage of non-sanctioned vessels emerging, particularly impacting the Pacific routes. Despite some increases in export values due to oil price jumps, overall crude shipment figures have dwindled, further influencing the global oil market dynamics.
Source: YAHOO