10/01/2023at 08:30

Johan Sverdrup output fills supply gap of Russian crude

Russian crude imports to Europe shrank by 80 percent in November and December compared to pre-war levels, writes S&P Global Commodity Insights.

Johan Sverdrup-oliefeltet i Nordsøen har erstattet en del af den russiske råolie, der ikke længere tilflyder det europæiske marked. | Photo: Carina Johansen/AP/Ritzau Scanpix

BY KIM WIESENER, TRANSLATED BY SIMON ØST VEJBÆK

Russian crude oil slides from European markets as a result of EU sanctions. The gap is plugged by crude flows from Norway, the US, Saudi Arabia, Azerbaijan and Guyana.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

Access all locked articles
Receive our daily newsletters
Access our app

Get full access for you and your coworkers

Start a free company trial today

EU in the lead on LNG imports
For subscribers
Kremlin bans export to countries with price cap on Russian oil
Russian oil can find way to Europe through embargo loophole
For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Everfuel goes over budget, continues hemorrhaging cash

However, the Danish hydrogen developer could still seek refuge in a successful capital provision and newly formed partnership to help secure target of 2GW electrolyser capacity in 2030.

For subscribers

Renewables

Floating offshore wind will pave the way for viable technology

A string of partners with offshore wind expertise hope to gain market foothold with floating substation when floating offshore wind becomes bankable. They predict bustling activity at the end of the decade.

For subscribers