Trade disruptions. Refinery adjustments. New arbitrage flows. These are some of the consequences Europe faced as the continent had to wean itself off Russian crude following the embargo, which came into effect in December 2022. Russia has since managed to find new customers in Asia, but military attacks on oil infrastructure in the Black Sea could jeopardize such a strategy.
In the first of a special two-part Platts Oil Markets podcast retrospective, OPEC+ Oil News reporter Rosemary Griffin and Crude Oil Managers Emma Kettley and John Morley join Joel Hanley to discuss how European oil markets have adapted to a "new normal" following one of the most consequential events in the geopolitics of oil in decades.
KBCOB00 – KEBCO CIF Med vs Med Dtd Strip KBCOD00 – KEBCO CIF R'dam vs Med Dtd Stri AURLA00 – Urals DAP India vs Dubai DWCUB00 – Urals DAP India vs Forward Dated Brent
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