“Russian oil exports by sea may decline in the coming weeks after the US introduced measures against Russia’s two biggest exporters and about 160 shadow fleet tankers.”, — write: epravda.com.ua
Russian oil exports by sea may decline in the coming weeks after the US introduced measures against Russia’s two biggest exporters and about 160 shadow fleet tankers. This is reported by the Bloomberg agency. In the coming months, traders will be closely monitoring shipments, given that these two companies – Gazprom Nafta and Surgutnaftogaz – provided almost 30% of Russia’s seaborne exports, and sanctioned traders and tankers transported millions of barrels of oil. The US measures undermined expectations of a significant global supply surplus this year and sent oil futures higher.Advertisement: The effects of these latest measures will be particularly felt for those oil flows headed for the Pacific region. About three-quarters of ESPO cargo shipped since the beginning of October has been carried by vessels now under sanctions. In addition, the entire fleet of specialized shuttle tankers used for the Sakhalin-1 and Sakhalin-2 oil and gas projects was also placed on the sanctions list. against the two largest oil companies of the Russian Federation “Gazprom Neft” and “Surgutneftegaz”, as well as ship insurance providers “Ingosstrakh” and “Alfastrahovanie”. According to the Financial Times, the measures include blacklisting 183 “shadow fleet” vessels involved in the export of energy resources from Russia. India is set to ditch oil tankers that have been sanctioned by the US for their role in transporting cargo for Russia, another example of the impact of Washington’s measures on the global oil market. Three tankers with more than 2 million barrels of Russian oil are floating in the waters off eastern China and cannot be shipped after the US imposed new sanctions on Russia’s largest oil companies on Friday, January 10. At least 65 oil tankers have anchored in various locations, including off the coasts of China and Russia, since the United States announced a new package of sanctions on January 10.