Black Section SeparatorWith the new embargo on crude exports from Russia, European nations have been taking in less oil, while Asian nations have been receiving the lion’s share

Black Section SeparatorRussia has diverted most of that crude to Asia, with nearly all of it going to Asia. A little over 3 million barrels a day of crude loaded from Russian ports

Black Section SeparatorThe oil is still moving, and it is not known if this is all being sold before arrival or if the tankers are just being sent off on the hopes of finding a buy

Black Section SeparatorThe volume of oil headed to those three countries, along with the oil that has no final destination, climbed in the four weeks leading up to December 9 to av

Black Section SeparatorIt’s more than four times higher than the 4 weeks before the war in Ukraine began. Moscow’s embargo on seaborne Russian crude has quickly impacted the fl

Black Section SeparatorIt’s effectively eliminated one of Moscow’s largest, most reliant energy customers.

Black Section SeparatorPresident Vladimir Putin called the $60-per-barrel price cap “stupid,” and said that Russia is considering cutting back on its oil production in response

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