Crude: Market Creates New Flows as More Urals Bypasses Europe

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The physical market has shaken off the panic mood that initially followed the sanctions and buyer strike on Russian oil flows. Energy Intelligence estimates that Europe's wider self-sanctioning and a fall in Russian refinery crude throughput could shut 1.1 million barrels per day of Russian oil production in April, widening more in May. Exports should be less impacted, but are increasingly bypassing Europe.

Oil Spot Markets, Crude Oil, Oil Prices, Oil Trade
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