In February, Russia was still making around 40% more money off its exports of oil, gas and coal in May 2022 than it did one year earlier
Kpler: Russian crude exports in April highest since June 2019
“The only reason for an oil tanker to go to Saldanha Bay is to unload the oil into storage,” says an industry consultant.
The United States has imported a relatively small share of crude oil from Russia, but U.S. imports of petroleum products from Russia — namely, unfinished oils and fuel oil.
Longshoremen along the U.S. West Coast say they won’t touch any shipments for Russia.
U.S. shale oil production is fast-growing, but pipeline bottlenecks at the Permian basin could mean that it can’t completely fill the gap being created by the drop in Venezuelan oil production.
