Here’s How Russian Crude Is Finding Its Way To Customers

OilPrice.com | May 26, 2022 at 11:30 AM
  • Small tankers and ship-to-ship transfers are being used to keep the flow of Russian oil to China steady, Bloomberg reported this week, citing sources from the brokering industry.
  • The change is a result of reprioritization among buyers as shipowners avoid loading Russian oil because of Western sanctions.
  • The ship-to-ship transfer tactic was and probably is still being used by Iran to ship its oil abroad—to China again—to avoid stifling U.S. sanctions on its oil industry.