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Tanker Demand to Grow 3.5% – 5.6% as Europe Avoids Russian Oil – Asia Imports More

European importers have been avoiding crude oil shipped from Russia, as a response to the invasion of Ukraine. This has driven a rather remarkable switch in the direction of Russian crude oil flows towards Asia, mostly India and China. Assuming the Continent will fully avoid Russian seaborne flows at some point, this would affect average . ....

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