Recently, it has become more difficult for Russian oil suppliers to find buyers against the background of tougher international sanctions, including a ban on the transport of raw materials by sea from the Russian Federation and the establishment of a price cap. As a result, tankers with resource cargo began to accumulate in anticipation of buyers, informs It cites data from Bloomberg, Vortexa, Kpler and ship tracking.
“There are growing signs around the world that the smooth flow of Russian oil is beginning to deteriorate. Ships loaded with fuel sail off the coasts of Europe, Africa and Latin America, potentially increasing standby fees. Some ships carrying OPEC+ crude oil sail between ports without unloading, while others are unloaded and stored in unusual places.
Recently, Russia has diversified its logistics routes for the delivery of crude oil. The European energy market is no longer a major destination for Moscow’s fuel exports.
“The current logistics network is struggling to serve a country whose daily exports of crude oil and petroleum products exceed 7 million barrels. Much of this trade has moved outside of Europe, often to new and less familiar customers thousands of kilometers away.
In the monthly report of the International Energy Agency (IEA) on March 15 reported Decline in oil exports from Russia in February. According to the agency, 500 thousand barrels per day fell against the background of the entry into force of the European Union (EU) embargo. According to the results of the last month of the winter period, this figure decreased to 7.5 million barrels per day.