STS transfers can be used to obscure a crude shipment’s origin or end-destination
Russian crude exports see partial rebound
Volumes have risen in recent weeks amid an uptick in flows to East Asia, says analytics firm Vortexa, while even in Europe the picture is mixed
Russian exports of crude and dirty petroleum products—particularly fuel oil—have recovered somewhat in April after trending down from early March, according to David Wech, chief economist at energy analytics firm Vortexa. Combined Baltic and Black Sea crude export volumes are up over the month so far, contrary to expectations, Vortexa’s lead crude analyst Jay Maroo confirms. The four-week rolling average of Russian crude export volumes is now back to up around 1.9mn bl/d, thanks to a big increase in cargoes heading towards Asia—mainly India and China—he continues. Ship-to-ship (STS) transfers are being used to combine smaller cargoes of Urals crude—loaded in the Baltic and Black Sea—onto ver
Also in this section
13 January 2025
With Namibia, Guyana and Brazil playing starring roles and important innovations being developed, business as usual has never looked so good
13 January 2025
Regional cooperation over the development of gas resources has the potential to bring peace and prosperity to the East Mediterranean
13 January 2025
Significant expansions are underway in both liquefaction and regasification capacity as LNG firms up its position as a long-term solution for the world’s energy needs
10 January 2025
New Petroleum Economist OPEC+ oil survey sees group improve compliance to ensure oil market stability going into 2025
