Review of Far East Russia crude oil exports.

With tanker owners looking for clues on future oil demand and potential new trade routes, it's worth taking a look at the developments in the Far East Russian front. In a recent weekly report, shipbroker Banchero Costa said that "just 10 years ago, Russia, the world's second-largest oil exporter after Saudi Arabia, was hardly exporting any oil to Asia, with the vast majority of its trade being with the West, either seaborne or by pipelines. In terms of seaborne trade only, of the total 181.4 million tonnes of crude oil exported by Russia in 2018 (January to December), as much as 27.3 million tonnes (15 percent) were...

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