STS transfers can be used to obscure a crude shipment’s origin or end-destination
Russian crude exports see partial rebound
Volumes have risen in recent weeks amid an uptick in flows to East Asia, says analytics firm Vortexa, while even in Europe the picture is mixed
Russian exports of crude and dirty petroleum products—particularly fuel oil—have recovered somewhat in April after trending down from early March, according to David Wech, chief economist at energy analytics firm Vortexa. Combined Baltic and Black Sea crude export volumes are up over the month so far, contrary to expectations, Vortexa’s lead crude analyst Jay Maroo confirms. The four-week rolling average of Russian crude export volumes is now back to up around 1.9mn bl/d, thanks to a big increase in cargoes heading towards Asia—mainly India and China—he continues. Ship-to-ship (STS) transfers are being used to combine smaller cargoes of Urals crude—loaded in the Baltic and Black Sea—onto ver
Also in this section
16 April 2026
Demand for oil is falling because supply cannot meet it, not because it is no longer required
16 April 2026
The continent has an immediate opportunity to make the most of its energy resources by capturing gas that is currently slipping away
15 April 2026
The continent is seeing political pushback to climate plans, corporate reassessment of transition goals and rising supply risk in a fractured global order
15 April 2026
The Middle East energy crisis may turn out to be pivotal to the industry’s long-term expansion, but significant challenges still stand in its way
