Europe Splurges on Russian Oil As EU Ban Nears ...Middle East

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Europe Splurges on Russian Oil As EU Ban Nears
Ahead of the December 5th implementation of a European Union ban on seaborne imports of Russian crude, European buyers are now said to be buying up more Russian oil than they have in four months.  Last week, seaborne exports of Russian crude oil to European buyers rose to their highest level since April, Bloomberg reports, citing vessel-tracking data.  For the week ending August 19th, Bloomberg reports that total flows of Russian seaborne crude exports rose from 3.24 million barrels per day to 3.41 million barrels the previous week, and…

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