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Free AccessRussian Oil To Be Stored In Ghana In Attempt To Find New Markets
A cargo of Russian oil is heading for storage tanks in Ghana, suggesting Russian oil could be emerging in new markets according to Bloomberg vessel-tracking data and sources.
- Traders of Russian crude could be scouring the market for new buyers of Russian barrels after the EU stopped almost all seaborne imports from the country in December. So far, Russia has predominantly diverted its crude cargoes to India and China.
- The crude shipped from Russia to Ghana crude will be stored at tanks at the Tema oil refinery, and marks the first shipment of Russian oil to a West African country since at least Oct 2018, tracking data show.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.