Dark ship-to-ship transfers keep Russian oil flowing despite sanctions
Oil Markets
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The Rise of Russian Diesel in Europe
In May we saw about 1.7 million metric tons of Russian gas oil entering the myth. Some went further into Africa or stayed in storage, but countries that can live Russian diesel will definitely take it over gas oil because it's just so much cheaper. The sanctions don't apply to them, so it doesn't really make a huge difference, even though their standards around shipping and AIS data is somewhat more lax than it used to be.
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