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Russia "Able to Place Their Crude in Different Markets": Aramco CEO

OIL

The global oil market is adjusting to changes in Russian oil flows according to Amin Nasser, chief executive officer of Aramco.

  • “Realignment is happening,” he said, adding “Russians, with the right discount, they are able to place their crude in different markets.”
  • “There are logistical issues, insurance issues,” he said. “But that’s being handled with the right discounts. The flow is going to Asia -- though, it takes longer. And crude that used to go to Asia is now being directed to Europe and other parts of the world.”
Energy BulletsCommodities
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