US sanctions leave millions of barrels of Russian oil stranded
after close1 source ↓written by the desknot a recommendation
- have left approximately
- 21 Nov
- of Russian crude
- 48 million barrels
- carrying Urals
- 50 tankers
- remain steady
- 3.4 million barrels per day
U.S. sanctions on Rosneft and Lukoil effective from 21 Nov have left approximately 48 million barrels of Russian crude stranded at sea. About 50 tankers carrying Urals and ESPO grades are now seeking new destinations, impacting global oil flows.
Despite these disruptions, Russia's seaborne exports remain steady at 3.4 million barrels per day, although analysts warn that reaching final buyers is becoming increasingly difficult.
Not investment advice. For informational purposes only.