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US Crude/Condensates to Europe Remain Elevated

OIL

US seaborne loadings of crude/condensates bound for Europe remain high as the region tries to move away from Russian barrels according to Vortexa vessel tracking.

  • Loadings of US crude/condensates for May came in at 1.5mbd vs 1.3mbd in February before the start of the Russia-Ukraine conflict. The latest indications for June remain high at 1.5mbd, reflecting days 1-20.

Source:Vortexa

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