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Russian Oil Product Ban Disrupts MR Market

OIL PRODUCTS

As the European market approaches the February 5th Russian oil product ban, MR usage for the US Gulf-Europe route (TC14) has increased as Europe looks for alternative sources of clean products according to Vortexa.

  • As the area most vulnerable to lost Russian diesel cargoes, the utilisation of MRs for UK Cont is additionally at a yearly high.

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