The European Union’s decision on 24 June to target Russian shipping company Sovcomflot in its latest round of sanctions comes as ship tracking data shows a 5% monthly increase in seaborne crude oil exports through June. With changes to Russian crude and oil product exports in firm view for market participants, S&P Global Commodity Insights’ Francesco Di Salvo is joined by editors Robert Perkins, Elza Turner and Luke Stuart to discuss the latest flows and refinery news, as well as price sentiment for Russia’s flagship Urals export grade.
Links:Russia's seaborne crude exports rise in June despite OPEC+ pledges Urals Primorsk vs Med Dtd Strip - AAWVI00 Urals FOB Novo Suez vs Med Dtd Strip - AAHPH00 Urals DAP West Coast India vs Forward Dated Brent - DWCUB00