STS transfers can be used to obscure a crude shipment’s origin or end-destination
Russian crude exports see partial rebound
Volumes have risen in recent weeks amid an uptick in flows to East Asia, says analytics firm Vortexa, while even in Europe the picture is mixed
Russian exports of crude and dirty petroleum products—particularly fuel oil—have recovered somewhat in April after trending down from early March, according to David Wech, chief economist at energy analytics firm Vortexa. Combined Baltic and Black Sea crude export volumes are up over the month so far, contrary to expectations, Vortexa’s lead crude analyst Jay Maroo confirms. The four-week rolling average of Russian crude export volumes is now back to up around 1.9mn bl/d, thanks to a big increase in cargoes heading towards Asia—mainly India and China—he continues. Ship-to-ship (STS) transfers are being used to combine smaller cargoes of Urals crude—loaded in the Baltic and Black Sea—onto ver
Also in this section
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
