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Oil Markets

Russia Sanctions Impact Update

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December’s EU embargo and G7 price cap on Russian crude has had a mixed impact, with seaborne exports bouncing back after an initial dip but prices heavily discounted. Most trade is outside the cap through a “shadow fleet.” Equivalent February sanctions on refined products will be more disruptive.

Topics:
Crude Oil, Oil Trade, Oil Futures and Derivatives, Oil Products, Oil Forecasts, Gasoline, Diesel/Gasoil, Refining, Opec-Plus Supply , Conventional Oil and Gas
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