Russian oil is getting transferred in the high seas for the first time as wary buyers try to avoid affiliation with Moscow
- A ship-to-ship transfer of
Russian oilhappened in the middle of the Atlantic in May, according to Bloomberg.
- It was an unusual distance from the sheltered waters where transfers typically occur.
In May, a ship-to-ship transfer of Russian oil happened in the high seas of the Atlantic — an unusual distance from typical sheltered waters where risks of oil spills are lower, according to Bloomberg.
Between May 26 and May 27, per Bloomberg, the supertanker Lauren II took cargo from the Aframax tanker Zhen I in the middle of the ocean, about 300 miles west of Madeira.
The move marked the first Russian crude transfer on the high seas, and the Lauren II is now drifting in the mid-Atlantic potentially awaiting another cargo transfer.
These large cargo ships, according to Bloomberg, are economically viable options for long-distance transfers because they can store about three times the amount of a smaller ship like the Zhen I.
Meanwhile, the Wall Street Journal reported that Russian oil products are still reaching the US market because traders are blending and refining it elsewhere. Supplies believed to be at least partially composed of Russian oil arrived in New York and New Jersey last month, which likely came from India, the report said.
"It is impossible to completely extricate Russian
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