Oil Markets 2023: The changing map of oil trade
Dec 14, 2023
The hosts reflect on the events of 2022 that shaped the oil markets, focusing on Russia's invasion of Ukraine and the resulting trade flow redirection. They explore the shift in trade flows of Russian oil, crude, and refined products, including the emergence of Brazil as a key buyer. The impact of sanctions on market flows is discussed, specifically Venezuela's territorial claims on Guiana. The relationship between jet and diesel fuels, sustainable aviation fuel, and refining balances are also explored.
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