ShippingWatch

How the EU will allow a slight increase in Russian oil exports

With the European Union’s recent adjustments to the sanctions against Russia, a small increase in Russian exports of oil looks set to be allowed.

Photo: Tatiana Meel/Reuters/Ritzau Scanpix

Oil traders are asking the question whether they can now handle more Russian oil following adjustments to sanctions by the European Union. The answer appears to be yes, a little.

The future flow of Russian crude and fuels is critical for the global oil market, but also provides funding for the nation’s invasion of Ukraine.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Reefer rates to peak in fall season, followed by slow decline

Rates on refrigerated containers, or reefers, have increased by 50% in the second quarter compared to the same period in 2021, with growth set to continue in the third quarter. 2023, however, will see rates slowly declining, forecasts consultancy Drewry.

Further reading

Related articles

Latest news

See all jobs