Russian Oil Switching at Sea Gathers Pace

Oh yes, it does. But this also has a price and at current prices, I doubt Russia is making a lot of money on its oil sales. Add in that China and India, the biggest buyers, squeeze Russia for sizeable discounts so if you add it all together thats a bleak picture. Better than nothing but not very good at all. All Putin can hope for is a strong price spike that happens to hold on for a while so the additional cost is covered and there is still meat on the table. This is not sustainable. 

Linkedin Thread