Russia’s War Rewires Global Crude Trade

By Elina Ganatra (Bloomberg) —

Oil tanker tycoons are enjoying a surge in revenue as the sanctions triggered by Russia’s war are redrawing the global trade in crude. And it’s set to last.

The disruption is fairly simple. Europe, for decades the top buyer of Russian oil, is banning purchases from Moscow next month and has already been cutting back. 

View entirety: Bloomberg