Oil exports from Middle East to Europe surge – Bloomberg ...News

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Oil exports from Middle East to Europe surge – Bloomberg
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The change comes as Russia redirects shipments to China and India Crude oil shipments from countries in the Middle East to Europe have soared by 90% since January, as the bloc snubs Russian oil due to sanctions, Bloomberg reported on Friday, citing vessel-tracking data. According to the report, pumping volumes from the Middle East to Europe have so far nearly doubled compared to last year. Bloomberg estimates that in the first three weeks of July, more than 1 million barrels a day were pumped through the Sumed pipeline through Egypt to Europe from the Middle East, mainly from Saudi Arabia. Another 1.2 million, mos

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