Tanker Market: Russian Oil remains at the forefront

R.Ussian’s crude oil flow is still one of the main talk points in the Crude tanker market, especially after the last round of sanctions. In its latest weekly report, Shipbroker Gibson said that “western economies are turning up the heat on russia, tightening syntions and raising tariffs in an effort to squueeze its energy revenues. Resilience. The Eu’s Lower Crude Price Came Came into Effect This Week, and Washington has doubled tariffs on Indian goods to 50% as part of the efforts to pressure new delhi over its continuous continuous import of Russian crude oil.

According to Gibson, “For India, the stakes are very high. Russian crude oil has given a lot of supply discounts, but Indian export value to the US far exceeds its imports from Russia. Balancing laws are as political as the economy of Prime Minister Narendra which seems to still exist throughout the world.

“So far, the flow of Russian crude oil looks very strong. The initial data from the KPler showed that the total raw exports from the West Terminal were close to 2.15 MBD in August, in line with the July level and actually 150 KBD was higher than about one year before. Does Indians India rise back in September or trading decreases further will be carefully monitored, because sustainable slowdown can provide political victory and allow it to return the tariff, with white, with better rates, with white rates, with better rates, with better rates, with white rates, with better rates, with white rates. To Chinese squash rise to 250 KBD in August, level twice July.

Source: Gibson Shipbroker

Gibson added that “the impact of lower EU crude oil prices also began to be felt. Aframaxes, Russian trading workshors, have seen a decrease in conventional appointment under the rule of price closure, squeezed by increasing the same risk, but also throughout the world smaller than the smaller Suezmax than the smaller ocean.

“For now, sanctions and tariffs that are more difficult only have a limited effect on the overall picture. Russian oil continues to flow, but the geography of trade is slightly shifted. Indian doubts have been balanced with the enthusiasm of China, leaving the global market that will exist. Find the way”, Gibson concluded.
Nikos Roussanoglou, Hellenic Shipping News worldwide