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Free AccessRussia Sends Crude Vessel To China Via Arctic Circle
Russia has sent a second crude oil shipment east through the Arctic Circle toward China, Bloomberg data show.
- The vessel is due to arrive at the Chinese port of Rizhao on 17 November.
- The vessel loaded crude in October from a storage tanker moored at Murmansk.
- Depending on weather conditions, the route is the fastest way to ship crude to China, however, “it looks unlikely that any significant volumes could be shipped along this route until summer”, Richard Matthews, head of research at E.A. Gibson Shipbrokers said to Bloomberg.
- China remained the largest importer of Russian crude oil. Chinese imports of Russian crude stood at 904kbpd in October, compared with 918kbpd in September.
To read the full story
Sign up now for free trial access to this content.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.