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About Commodity Insights
16 Jun 2022 | 10:05 UTC
The move by the West to shun its key Russian oil supply that makes up some 13% of total oil exports is upending global flows.
The EU alone was importing about 2.3 million b/d of Russian crude before the war which started on February 24.
Europe is weaning itself off Russian Urals and buying more crude from the US and the Middle East, while Russia is looking to Asia, with India a new top buyer of its heavily discounted crude.
Use this interactive tool to see how crude and oil flows are evolving since Russia's invasion of Ukraine.
Russia seaborne oil exports at 3-year highs despite sanctions shake-up