Russian Oil Delays Grow Amid Expanding Asian Tanker Backlogs
Russia's crude oil exports have increased to their highest in over two years, but delays in offloading at Chinese and Indian ports have caused a significant build-up of tankers at sea, with at least 20 vessels waiting to dock. Despite higher export volumes, falling prices and US sanctions targeting tanker movements have complicated the situation, leading to increased at-sea storage and potential covert transfers.