Genoa – Sales of Russian oil are currently blocked or reduced on many international markets even without formal sanctions given that i buyers refuse to buy them and shipping companies refuse to transport them.
Bloomberg reports that he cites several cases in which also offers below quotations have gone deserted, as in the case of the oil trading giant Trafigura which attempted to sell a cargo with a price of 18 dollars lower than that on the market but without receiving answers. Furthermore, the agency reports, problems are occurring in the handling of oil tankers as several shipping companies are awaiting more details on the sanctions framework and fear negative reputational effects if they accept Russian oil.
This is a very serious problem for two thirds of Moscow’s oil exports move by sea but also for some European refineries. “About 70% of the Russian oil trade is frozen – says the consultancy Energy aspect – most of the big companies do not deal with crude oil from Moscow and only a few refineries in Europe and trading companies are still on the market”.
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