Russian crude oil, particularly the Pacific Sokol oil, is facing challenges in finding buyers, with 14 tankers carrying around 10 million barrels stranded near the South Korea coast. This situation is exacerbated by increased sanctions pressure from the US and UK. The Baltic Sea also sees four tankers holding 3 million barrels of Russian oil idling due to sanctions. The sanctions and payment problems have hindered the sale of the oil, causing significant disruptions to Russia's petroleum export program.
The power of sanctions: the shadow fleet of the Russian Federation “ran aground”👍 14 tankers carrying 10 million barrels of Russian oil have been grounded off the coast of South Korea for several weeks and have not yet been sold due to US sanctions and payment problems. https://t.co/Ov60d3NsOX
Oil Tankers Holding #Russia’s Flagship Oil Sit and Do Nothing in the Baltic Four tankers holding 3 million barrels wait at least a week US and UK have been ratcheting up sanctions on Russian oil #oott https://t.co/X7unXy50Gp
Russia’s flagship crude oil is idling on tankers in the Baltic Sea at a time when the nation’s vast petroleum export program is coming under increased sanctions pressure https://t.co/XlusM7vNDD
#Russia struggles to sell Pacific oil, 14 tankers stuck - sources, data #oott https://t.co/bBvAXADTBd
🔴 SOME 14 TANKERS OF RUSSIAN PACIFIC SOKOL OIL STUCK NEAR SOUTH KOREA COAST, UNABLE TO FIND BUYERS. TOTAL VOLUMES OF SOKOL NOW STRANDED AT SEA TOP 10 MLN BARRELS, EQUAL TO MORE THAN A MONTH OF PRODUCTION - SOURCES.
🛢️ SOME 14 TANKERS OF RUSSIAN PACIFIC SOKOL OIL STUCK NEAR SOUTH KOREA COAST, UNABLE TO FIND BUYERS - SOURCES, LSEG, KPLER DATA #oott
#Russia: March-loading Russian crude differentials to Asia under pressure amid weak margins #oott https://t.co/KGp9bdHVwH