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Flotilla of Tankers Takes Russian Oil Through Suez Canal to Asia

  • Moscow is shipping more crude to buyers in China and India
  • Flows from Pacific ports falter with Sokol shipments drying up

Russia’s seaborne crude exports from its western ports to Asian countries, predominantly India and China, rebounded to more than 1 million barrels a day and could rise higher when destinations are finalized. In the east, flows of the Sokol grade have dried up with sanctions starting to bite.

Overall crude shipments were virtually unchanged in the seven days to May 13 though, as European Union nations continue to wrangle over a planned ban on Russian oil imports in the wake of the country’s invasion of Ukraine.