The Dark Fleet: How Unknown Traders Keep Russian Oil Flowing ...Middle East

OILPRICE - Economy
The Dark Fleet: How Unknown Traders Keep Russian Oil Flowing
source : OILPRICE ( Middle East ) () 39
Newly established commodity trading firms incorporated in Hong Kong and the United Arab Emirates (UAE) have replaced trading and oil giants in handling Russian crude oil and products after the Russian invasion of Ukraine and the EU and G7 sanctions and price caps that followed.   By some estimates, these one-year-old or younger trading companies have shipped at least half of all the Russian crude and refined products exports so far this year. While major oil traders and supermajors backed out of dealing with Russian oil, many trading…

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