Is the shift in global crude flows due to the Ukraine-Russia war a fleeting event or a more lasting, structural change?
At first, many market watchers and investors viewed it as short-lived. It now seems like something to count on for at least the medium term. More Russian crude will likely head to India and China for a longer period of time, and more Atlantic Basin and Middle East crude will head to Europe to replace Russian barrels.
“Oil supply chain disruptions related to Russia’s invasion of...
https://www.freightwaves.com/news/war-effect-on-crude-trade-long-lasting-and-just-beginning