Subscribe | Register | Log in | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
Related Articles
Petchems Report: US a petchems hotbed while Europe struggles
Low-cost ethane has made the US a premier destination for petchems investments, while in Europe the industry faces economic headwinds
The Russian price cap myth
It is time to stop pretending that there is a ‘price cap’ on Russian petroleum exports
Refining Report: EU’s net-zero goals boost biofuels
Russia’s invasion of Ukraine has upended trade flows in the region, while Europe’s net-zero commitments have boosted biofuels investment
Have India’s imports of Russian crude peaked?
Russia has leapfrogged Mideast sources to become India’s largest supplier, but flows may be poised to plateau
Gas prices continue to burden European industry
Almost a year-and-a-half after Russia invaded Ukraine, elevated gas prices continue to impact the competitiveness of European industry, especially relative to the US
Europe’s gas pivot and Asian demand boost global midstream
Europe has been hastily building out LNG and pipeline capacity since Russia’s invasion of Ukraine, while demand is rising in Asia
Europe redraws lines on gas infrastructure map
The continent’s gas revamp looks to both LNG and nearby pipelines
A red flag for security of Russian oil supplies
Internal strife and a prolonged war in Ukraine threaten a precarious balance that has kept oil flowing
Europe’s LNG buildout signals brave new world
The EU’s new gas strategy may have wriggled free of complacency and insularity, but demand destruction and chokepoints are just some of the key risk factors
Letter from Iran: Tehran's dreams and Moscow's deceptions
Russia is making a show of support for Iran as the two nations strengthen their ties, but the promised investment may never materialise
A tanker docks in Burgas, Bulgaria
Russia EU
Victor Kotsev
Sofia
27 January 2023
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Beating the Russian products ban

Legal and illegal efforts to skirt the prohibition are likely to intensify—especially in Turkey, the Balkans and Eastern Europe

Smugglers are gearing up for a race against law enforcement officials following the introduction of the EU ban on Russia-sourced refined products on 5 February. Yet experts say that there are enough loopholes in the embargo for the big players, such as the Russian government, not to need to rely excessively on smugglers—at least, for the time being. “We are looking closely at Russian exports, particularly of diesel, to work out how the new world is going to look after 5 February,” says Kevin Wright, senior oil analyst at UK-based data analytics firm Kpler. “Russian exports have hit record highs in the past few months as sellers and traders look to maximise volumes ahead of the EU27 embargo.”

Also in this section
Israel-Hamas war clouds energy prospects
6 December 2023
The threat of a big disruption to energy trade in the Middle East appears to be receding, but the fog of war is casting doubt on projects in the region
Outlook 2024: Is blue the new green?
6 December 2023
The role of gas in the energy transition
Letter from London: OPEC’s new chapter
5 December 2023
Scepticism, confusion and disdain over OPEC+’s extended and deeper supply cuts should give way to an appreciation of the new multi-speed producer alliance
Canadian producers riding another M&A wave
5 December 2023
Low debts levels and the advantages of larger companies among the reasons for the rise in activity

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2023 The Petroleum Economist Ltd
;

Search