Russia is transshipping record volumes of Urals crude at sea. Bloomberg writes about it with reference to tanker tracking data.
RIA Novosti
The material says that a total of 19 million barrels of crude oil are likely to be transshipped in January and December. The volume of such crude is expected to reach a record 14 million barrels in January alone.
The article notes that shipping represents a more efficient way to deliver Russian crude to buyers and should help reduce freight costs over time.
The average Urals price for the period from December 15, 2022 to January 14, 2023, was reported to be $46.82 per barrel.
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