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Oil Tankers U-Turn and Buyers Go Elsewhere as Russia Sanctions Bite

Summary by Financial Post
(Bloomberg) — The most aggressive Western sanctions imposed on Russia’s oil sector since Moscow’s 2022 invasion of Ukraine threaten to disrupt global supply as buyers — led by China and India — scour the Middle East for alternative suppliers. Some estimates suggest the measures could halve Russian oil exports and their introduction has driven up Brent futures by as much as $5 a barrel in recent days.
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  • 67% of the sources lean Right
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