Russia’s war against Ukraine has changed the world oil trade. Here’s what it looks like now:
russian ukrainian war is redrawing the world’s oil map, rerouting fleets of skyscraper-sized tankers for longer voyages, transporting crude oil vital to the global economy.
The Wall Street Journal analyzed data from a ship tracking company spire global It charted the routes of about 3,000 such ships to find them leaving Russian ports before and after the February 24th Russian invasion. Using location-tracking signals shared by ships and authorities, this information shows how the fallout from the invasion has cut back on years of trade. The Kremlin hastily found the necessary funds to fund the war machine.
https://www.wsj.com/articles/russias-war-on-ukraine-changed-global-oil-trade-here-is-what-it-looks-like-now-11674740567?mod=rss_markets_main Russia’s war against Ukraine has changed the world oil trade. Here’s what it looks like now: