Subscribe | Register | Log in | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
Related Articles
Brent without Brent: The role of North Sea oil in global prices
The inclusion of WTI Midland in the Brent benchmark has boosted volumes, but with Brent blend taking a backseat, why not just use WTI as the global benchmark?
The oil market’s new polymorphism
From crude flows to oil prices, S&P Global Commodity Insights highlights the market’s ability to overcome adversity, albeit with costs involved
Markets facing distillate squeeze
Crude production cuts and refinery outages mean high prices are looming for heating oil and diesel this winter, and greater shale output will do little to help
Have India’s imports of Russian crude peaked?
Russia has leapfrogged Mideast sources to become India’s largest supplier, but flows may be poised to plateau
Lack of oil and gas investment could be serious issue, warns IEF’s McMonigle
Secretary General believes linear and ideal forms of energy transition will be difficult to achieve especially with false narratives around peak oil demand
US SPR squeezes Saudi economy
Action by consuming governments has shown they can significantly affect oil prices and put a spoke in OPEC’s wheels
Consensus forms behind rising crude prices
Saudi cuts and slowing US output add to improved demand outlook
US SPR faces existential crisis
As the 50th anniversary of the Arab oil embargo approaches, policymakers gripped by energy security fears must start rethinking the purpose of emergency oil stocks
Oil market poised for China showdown
China puts the strategic in SPR as it looks to utilise record oil storage
Oil and gas must face climate change head on
Pushing for more fossil fuels is counter-productive to hydrocarbons’ important long-term role
Product demand is also expected to increase in 2023
Markets Russia
Simon Ferrie
24 March 2023
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Russia finds the ships to access new product markets

Refining runs and questions over blending—not vessel availability—are likely to determine Russian product export volumes

The EU’s ban on imports of Russian products came into force on 5 February, prompting the latest phase in the global reshuffling of hydrocarbon trade since the invasion of Ukraine. Some in the market have questioned whether there would be enough tankers willing and able to transport Russian products, but so far access to ships does not seem to be a constraint on the pariah state’s exports. The shift since the start of the product import ban has been “stark”, says shipbrokers EA Gibson, with Russia “relatively successful" in finding new markets for more than 1mn bl/d of clean products. And this Russian trade is profitable for shipowners, says Ioannis Papadimitriou, senior freight analyst at an

Also in this section
Libya targets 2m b/d oil before 2030
28 September 2023
Oil minister Oun sends out cautiously optimistic message on oil and gas outlook and says pilot project ready to unlock huge shale reserves key to further growth
Asian gas industry group counts on rising demand
27 September 2023
Regional industry body ANGEA remains bullish about Asia's adoption of gas and LNG, despite elevated prices and logistical challenges
How the Yom Kippur war changed OPEC
26 September 2023
Half a century after the 1973 conflict, the world is dramatically different. But OPEC’s power remains
Appalachia’s gas faces infrastructure challenge
26 September 2023
Bottlenecks continue to constrain gas-rich Appalachia, and relief may not be in the pipeline

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2023 The Petroleum Economist Ltd
Cookie Settings
;

Search