Russian oil still flows under the radar. It goes to “destination unknown”.
by Mike ‘Mish’ Shedlock
Mish Talk
Under the Radar
Please consider Russian Oil Flows, but Increasingly Under the Radar.
Oil exports from Russian ports bound for European Union member states, which historically have been the biggest buyers of Russian crude, have risen to an average of 1.6 million barrels a day so far in April, according to TankerTrackers.com. Exports had dropped to 1.3 million a day in March following the Ukraine invasion. Similar data from Kpler, another commodities data provider, showed flows rose to 1.3 million a day in April from 1 million in mid-March.