Russia's Seaborne oil product exports reportedly +0.9% M/M in March, according to sources
This slight month-on-month increase in Russia's seaborne oil product exports may suggest a stabilization in supply amidst ongoing geopolitical tensions.
Citi says the global economy is better positioned to absorb an oil shock, with the recession threshold higher even if oil reaches USD 100/bbl.
Two Iranian-linked tankers have reportedly exited the Gulf via the Strait of Hormuz, ahead of the US-announced blockade; tankers sailing with oil, according to shipping data
Russia's Seaborne oil product exports reportedly +0.9% M/M in March, according to sources
Hapag Lloyd (HLAG GY) says for as long as there are still mines in the are, "we" do not believe that it is possible to navigate through the Strait of Hormuz
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While a 0.9% rise is modest, it reflects continued resilience in export dynamics, potentially impacting global oil prices and influencing the sentiment around WTI and other related commodities. Traders should monitor how this aligns with broader trends in production and international sanctions.
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