Moscow Reroutes Oil to China on Largest Vessels After India Slowdown
Market Intelligence Analysis
AI-PoweredRussia is rerouting oil shipments to China using larger supertankers due to a slowdown in Indian demand, indicating a shift in global oil trade dynamics.
Market impact analysis based on bullish sentiment with 80% confidence.
Article Context
The surge in Russian crude sales in China and the simultaneous drop in Indian demand for Russia’s oil have prompted Moscow to turn to using a larger fleet of supertankers—vessels capable of carrying 2 million barrels of crude. In recent weeks, several smaller tankers that left Russia’s Western ports transferred their cargoes to supertankers, the so-called very large crude carriers (VLCCs), in the Red Sea and then traveled to China instead of India, Bloomberg reported on Tuesday, citing ship-tracking data from Vortexa and…
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