Russia’s oil exports are expected to fall by as much as 1 million barrels a day this winter even as the country expands its “dark fleet” of tankers, according to the world’s largest independent energy trader.
Russell Hardy, chief executive of London-based Vitol, said that while Russia has made progress in protecting itself from the impact of tougher sanctions affecting its ocean-going crude, which come into effect from December, exports are likely to remain so will decrease by 500,000 barrels per day 1min b/d…
