Julian Lee 4/26/2022 (Bloomberg) — Asia is still snapping up cheap Russian oil that European buyers don’t want.
Seaborne exports of the nation’s crude rebounded in the seven days to April 22. One-fifth of the volume shipped from ports on the Black Sea, Baltic and Arctic coasts is on tankers showing no final destination, with most expected to end up in Asia.
A total of 40 tankers loaded about 28 million barrels from Russian export terminals, according to vessel-tracking data and port agent reports collated by Bloomberg.
