Western oil tankers ramped up their shipments of Russian crude in January as prices for Moscow's flagship Urals grade held below an international price cap, according to market sources and Eikon data.
Oil loadings from Russia and Kazakhstan via Primorsk and Ust-Luga will rise to the highest level since 2019 atEU-owned vessels, primarily from Greece, handled more than 2 million tonnes of Urals crude from Baltic and Black Sea ports in January, over a quarter of Russia's exports from these ports.
Greek-owned ships run by Greek management firms handled at least 21 voyages of Russian crude in January to a range of destinations. "In all circumstances we ensure compliance per EU regulations with the use of external independent third party legal counsel to vet all legal documents," the official added.The Karolos tanker, managed by Dynacom, loaded Russian crude at Russia's Baltic port of Ust-Luga in January and is due to discharge the oil in Sikka, India by Feb. 3, according to Eikon ship tracking.
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