Recent US sanctions targeting Russia's oil trade have begun to significantly impact the country's ability to export oil, particularly to India. The sanctions have led to unusual behavior among Russian oil tankers, with some abandoning their cargoes and facing potential idling. Specifically, the OFAC sanctioned 14 oil tankers in Russia's shadow fleet, with a good chance that they'll be permanently idled. This has prompted India to seek alternative oil suppliers as the enforcement of these sanctions tightens, affecting India's oil trade with Russia. The sanctions have also threatened India's oil supply from Russia, with the country's oil processors being forced to consider other sources of oil. The situation is further exacerbated by the shrinking size of the fleet carrying Russian Urals, indicating increased capacity constraints.
Urals fleet constraints more likely as sanctions enforcement ramps up An exodus of EU-operated vessels and an overall shrinking in fleet size points to increased capacity restraints for the fleet carrying Russian Urals. #Russia #oott https://t.co/Z5koka7SI2
❗️India is seeking a substitute for Russian oil due to sanctions Refinery managers familiar with the situation reported to Bloomberg that tightening U.S. sanctions are hindering oil trade between India and Russia, forcing the country to explore other suppliers. In particular,… https://t.co/MLBRcSiFgE
US sanctions are slowly turning up the heat on Russian oil exports, to the point where they may soon be disrupted https://t.co/Rjs4bvnsS3
#India looks elsewhere for oil as US sanctions crimp #Russia trade #oott https://t.co/5CaXXkt9No
Tightening enforcement of US sanctions is denting India’s oil trade with Russia, forcing processors to consider other supplies https://t.co/tXrVJCSilF
India's Oil Supply From Russia Threatened by New US Sanctions https://t.co/mxNDz1IpRv
OFAC sanctioned 14 oil tankers in Russia's shadow fleet last week. Some of those tankers are now abandoning their cargoes. A good chance that they'll be permanently idled. Let's get more of this. https://t.co/pMVpn25R4Y https://t.co/6dwYlswVIK
Russia’s energy trade with India could be strained amid fresh sanctions, report says https://t.co/h6yM06AQZi
New US sanctions more likely to curb Indian imports of Russian coal, traders say https://t.co/PDfQjwSbse
🥵 New US sanctions threaten Russian oil sales to India – Reuters https://t.co/rsQmQjqMEn
Russian oil tankers behave strangely after latest US sanctions https://t.co/nL2tiZnCHv via @JLeeEnergy https://t.co/eReALlF5aK