The continuous shift in oil trade flows following the EU embargo on Russian exports is a huge win for the crude from Western Europe's largest oilfield offshore Norway. Norway's Johan Sverdrup crude is now a top choice for European refineries that used to rely on Russia's flagship grade, Urals, before the Russian invasion of Ukraine. The Johan Sverdrup crude from the same-name field, which came online in 2019, is similar in quality to Russia's Urals and has been increasingly flowing to European customers over the past year at the…
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