Oil Tanker Markets Upended As Trade Routes Shift ...Middle East

OILPRICE - Economy
Oil Tanker Markets Upended As Trade Routes Shift
source : OILPRICE ( Middle East ) () 45
The Western embargoes on seaborne imports of Russian crude and refined products have upended traditional oil shipping routes and resulted in inefficient trade patterns that make shipping fuels more expensive and boost demand for tankers carrying petroleum products.   The EU banned—effective February 5—seaborne imports of Russian refined oil products and around 1 million barrels per day (bpd) of Russian diesel, naphtha, and other fuels had to find a home elsewhere if Moscow wanted to continue getting money for those products.…

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