Russian oil moving to Asia on older vessels elevates shipping risks: Trafigura CEO

The global oil market has witnessed the mushrooming of smaller trading firms who are moving Russian oil much longer distances to regions like Asia in older ships, potentially raising the risk of shipping errors and accidents, Trafigura CEO Jeremy Weir told the Financial Times Live conference Nov. 23. Following the start of the Russia-Ukraine conflict, these smaller companies have been…

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