The US and EU have tightened sanctions on Russian oil trade. Rosneft and Lukoil have now been sanctioned, tightening compliance around trade.
Beihai Terminal continues receiving sanctioned cargoes. It was chosen for its low-risk profile, limiting the impact of any potential supply disruptions.
Crude freight markets remain well-supported by regulatory disruptions and an oversupplied seaborne crude market.
JCC poised to closely follow Dubai, Oman and Murban prices in the long-run as Japan mostly imports Arab Extra Light, Arab Light, Murban and Das crude
The US and EU have tightened sanctions on Russian oil trade. Rosneft and Lukoil have now been sanctioned, tightening compliance around trade.
Beihai Terminal continues receiving sanctioned cargoes. It was chosen for its low-risk profile, limiting the impact of any potential supply disruptions.
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