01 Jun 2023 | 11:00 UTC

Listen: Dark ship-to-ship transfers keep Russian oil flowing despite sanctions

More and more ships are turning off their transponders in the Black Sea in risky but lucrative trades. Deep discounts on Russia's main export crude, Urals, and refined products such as gasoil and diesel, are attracting strong market interest. And dark shipping in "no man's land" now appears to be another option for those willing to play the markets.

In this episode of the Platts Oil Markets podcast, S&P Global Commodity Insights editors Max Lin, Luke Stuart and Natasha Tan join Joel Hanley to discuss Russia's new attempts to break through Western sanctions.

We want to hear about your podcast preferences so we can keep improving our shows. Take our podcast survey here and share your thoughts: https://www.surveylegend.com/s/4xyz(opens in a new tab)

Related price symbols:
AAWVI00 - Urals Primorsk vs Med Dtd Strip(opens in a new tab)
AAYWS00 - Gasoil 0.1%S CIF NWE Cargo(opens in a new tab)
AAVBG00 - ULSD 10ppmS CIF NWE Cargo(opens in a new tab)

Related content by our speakers on this episode:
Russia behind 225% spike in shadowy oil transfers at sea(opens in a new tab)
Infographic: Russia drives global spike in dark STS transfers(opens in a new tab)
Russia's Urals shines as crude export volumes grow in May(opens in a new tab)