US appetite for heavier barrels to remain robust in the medium-term, says Johannes Rauball, crude analyst at Kpler Western refineries were largely able to circumvent the effects of EU sanctions on Russian oil relatively smoothly and adapt to the reshuffling of global trade flows over the last year. However, its impact can still be felt today, particularly across medium and heavy crude markets. In fact, European refiners have become increasingly dependent on imports of heavier barrels from Latin America and the Middle East, which have now replaced those that had previously come from Russia. This has, however, made Europe […]
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