A growing amount of Russian oil is being sent 'destination unknown' as wary buyers try to avoid

[Yo_Mama_Been_Loggin]

affiliation with the sanctioned nation

More and more Russian oil exports are marked "destination unknown" as the industry looks for ways to continue doing business with Moscow during its war on Ukraine.

So far in April, more than 11.1 million barrels have been loaded onto cargoes with unknown destinations, compared to nearly zero prior to the invasion, according to the Wall Street Journal, which cited data from TankerTrackers.com.

Analysts told the Journal this practice signals that Russian oil is being unloaded onto larger ships at sea and mixed with that tanker's crude, obfuscating the export's origin.

New grades of oil are on the market now called the "Latvian blend" and the "Turkmenistani blend," containing significant amounts of Russian oil, traders also told the Journal.

https://www.msn.com/en-us/money/markets/a-growing-amount-of-russian-oil-is-being-sent-destination-unknown-as-wary-buyers-try-to-avoid-affiliation-with-the-sanctioned-nation/ar-AAWsivj

You mean China and India can't buy it all?

[DFW]

1. My guess would be Iran

Like Russia, they are hard up for cash, and are willing to bypass sanctions to do business with anyone except Israel (so the official line goes, anyway—who knows if Israel is really taboo?).

[keithbvadu2]

2. Oil has the weird ability to change national origin once it gets out to sea.