Russia Chips Away at Painful Western Oil Sanctions
Urals is trading at the highest price this year and at ever-smaller discounts to international markets.
A Sovcomflot tanker. The company’s fleet is dominated by vessels servicing Russia’s Baltic and Black Sea ports.
Photo: Bloomberg
Welcome to Energy Daily, our guide to the energy and commodities markets powering the global economy. Today, Oil Trading Europe Team Leader Alaric Nightingale looks at the rising price of Russian crude. To get this newsletter sent to your inbox, you can sign up here.
Russia is chipping away at the effectiveness of Western sanctions on its petroleum trade.