The export of Russian oil by tankers increased sharply and reached the levels of April last year.
Russian oil exports by sea soared last week to the highest level since April last year, Bloomberg reported, believing Russia has overcome a supply shock – a ban on exports to Europe and the need to redirect oil to other regions of the world.
According to the agency, the total sea flow by January 13 increased by 550 thousand barrels per day compared to the previous week – up to 3.06 million. And the total volume of Russian oil exports increased by 876 thousand barrels or 30%, to 3.06 million. 8 million
“Supplies from the Baltic Sea increased by 626,000 barrels per day compared to the previous week, while supplies from the Black Sea ports rose by 47%. Flows from the country’s Pacific ports have also increased,” Bloomberg reports.
The European Union’s ban on Russian oil imports has led to the need for much longer tanker voyages. Thus, a tanker with a cargo of raw materials from a port in the Baltic goes to India on average 31 days, whereas before, a voyage to Poland or the Netherlands took no more than a week.
“This is putting more pressure on the dwindling fleet of ships whose owners are willing to carry Russian cargo,” Bloomberg notes. The agency notes that Russian companies are increasingly relying on their own ships and the so-called shadow fleet.
