Russian Oil Exports Prove Resilient to Full Force of Western Bans

By Bloomberg News (Bloomberg) — Russia’s seaborne oil exports remained resilient in February, as the nation found new buyers even as the full force of Western restrictions was brought to bear. Oil-market watchers are closely following Russian exp…

By Bloomberg News (Bloomberg) — Russia’s seaborne oil exports remained resilient in February, as the nation found new buyers even as the full force of Western restrictions was brought to bear. Oil-market watchers are closely following Russian export data for signs of disruptions after the European Union and the majority of Group of Seven nations banned most seaborne imports of oil and fuel in condemnation of the invasion in Ukraine. Aided by ‘shadow fleet’ of tankers, Russian producers have turned to buyers in the Gulf, Latin America and Asia, ship-tracking data shows. The EU banned seaborne fuel imports in early February, two months...