Analysts suggest that Chinese and Indian refineries are secretly buying oil.
Russia’s war against Ukraine has resulted in the partial removal of the global oil market into the shadows. So far, only the United States has imposed an embargo on Russia’s oil, while up to 1.5 million barrels of oil are delivered somewhere daily. This was reported by CNN.
It was noted that the invasion of Ukraine has made the Russian Federation a pariah in the global energy market. However, now there are some signs that it has been bought again. Probably in the shade.
The publication wrote that Russian tankers with crude oil and oil products began to disappear from the radar more often. The editorial suggests that this skill can be used to avoid penalties. Thus, according to the monitoring company Windward, the shadow activity of Russian tankers increased by 600%.
“We are seeing a surge in cases of Russian tankers deliberately turning off transponders to avoid sanctions. The Russian fleet is starting to hide its location and its exports,” said Windward CEO Ami Daniel.
In particular, in the week since March 12, 33 cases of shadow activity of tankers with Russian oil and oil products were recorded. Noticed that this is 236% higher than the weekly average for the past 12 months.
Also, according to Rystad Energy, a research company, from 1.2 to 1.5 million barrels of Russian oil per day have been lost somewhere since the start of the war. Analysts suggest it is secretly bought by Chinese and Indian refineries.
It will be recalled that for the week from March 17 to March 23, oil exports from Russia dropped by 26.4%.
The United States will allocate 1 million barrels of oil per day from the reserve
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Source: korrespondent
