Rosneft Oil Cargo Wanders for Weeks as Sanctions Mount
Market Intelligence Analysis
AI-PoweredA cargo of 700,000 barrels of Russian oil from Rosneft has been on an 11-week journey around Europe and Asia, searching for buyers, and has anchored off a sanctioned Chinese import port.
Market impact analysis based on bearish sentiment with 72% confidence.
Article Context
A cargo of crude oil from sanctioned Russian giant Rosneft has made an 11-week-long meandering trip around Europe and Asia in search of buyers and although it has anchored off a sanctioned Chinese import port, it’s not certain it has reached its final destination yet. The Fortis tanker with about 700,000 barrels of now sanctioned Russian oil dropped anchor near the Chinese port of Rizhao on the east coast on Tuesday, tanker-tracking data compiled by Bloomberg showed. The Fortis did not make the entire trip from Russia’s western port…
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