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Overview: Russia Determines Market Balances in Coming Months

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Russia had nine months to figure out how to keep its refined products flowing once the European Union’s Feb. 5 import ban takes effect. The world will be closely watching whether Moscow has found a market for the 540,000 barrels per day of Russian diesel that the EU was still loading the first two weeks of January. Additionally, shipping analysts wonder if Russia can find the tankers to bring this fuel to market if there are buyers, since vessels with western links are off limits due to an EU shipping ban. Dire predictions that Russian crude exports would collapse after its invasion of Ukraine or the Dec. 5 crude ban have not materialized. Can Russia again beat the odds?

Topics:
Oil Products, Crude Oil, Oil Forecasts, Oil Trade, Oil Tankers, Oil Demand, Oil Supply
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