Red Sea Pipelines Undercut Russian Crude Revenues

By:
On:
In: Energy, Middle East, Mining
Tagged: , ,

(PERSIAN GULF) – Global oil transport patterns are shifting rapidly, reducing the market power of Russian crude exports. New bypass routes around the Strait of Hormuz are being expanded, adding structural pressure to the price of Russia’s Urals blend. Daily volumes of oil moved through alternative corridors have climbed fromContinue Reading