U.S. Sanctions on Russia Lead to Puzzling Oil Cargo Transfer Off India
Market Intelligence Analysis
AI-PoweredA recent ship-to-ship transfer of Russian oil off the coast of India has left traders and analysts puzzled, as the cargo was not concealed despite US sanctions on Russia's top oil producers and exporters.
Market impact analysis based on neutral sentiment with 80% confidence.
Article Context
Traders and crude market analysts are baffled by a ship-to-ship (STS) transfer of a Rosneft crude cargo offshore India without any attempt to conceal the origin of the oil, as the U.S. sanctions on Russia’s top oil producers and exporters have upended India’s crude purchases in recent weeks. Earlier this week the Fortis tanker, sanctioned by the UK and the EU, took about 720,000 barrels of Russia’s Urals crude from another sanctioned vessel, the Ailana, off the coast of Mumbai, according to tanker-tracking data compiled…
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