Vitol Group, the world’s biggest independent oil trader, is shipping the first-ever cargo of Russia’s ESPO crude blend to the United Arab Emirates (UAE), Reuters reported on Wednesday, citing data from oil-flow tracking and analytics firms. The Kriti Breeze oil tanker loaded 740,000 barrels of Russia’s ESPO crude at the port of Kozmino in Russia’s … Read more
Major crude trading houses are set to slash their purchases of Russian crude oil and crude products starting mid-May, anonymous Reuters sources said on Thursday. The move that will see a curtailment of Russian crude purchases comes as traders steer clear of any actions that would violate European sanctions against Russia that go into effect … Read more
By Irina Slav – Apr 04, 2022, 9:00 AM CDT Vitol: recent slump in oil prices does not reflect the actual risk of Russian supply disruption. Russian oil and oil product exports could be down by between 1 and 3 million barrels daily. The recent slump in oil prices does not reflect the actual risk … Read more
