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Tanker Giants Sprout From Nowhere to Keep Russian Oil Moving

  • Some conventional tanker owners stepped back from Russia trade
  • Gatik and Fractal are among firms that filled the void
Bloomberg business news
Oil Market Moves to Surplus on Russian Crude Flows: IEA

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At a downtown office block in Mumbai, packing tape peels off a black door whose handle appears to have been ripped out. A pile of post is strewn on the floor outside. A guy from a neighboring office says the staff moved out a few weeks ago, destination unknown.