💨 Abstract

The article discusses potential oil production cuts in Russia due to U.S. sanctions and Ukrainian drone attacks, affecting tanker access and refineries. The sanctions have impacted Russia's "shadow fleet" of tankers, increased shipping costs, and closed some Chinese and Indian ports to a fifth of the fleet. As a result, Russian firms are storing oil aboard ships and seeking smaller vessels like Aframax tankers.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖