Iran and Venezuela show Russia a sanctions-skirting template
Europe is now weaning itself off Russian diesel, just as global demand for jet fuel, diesel and gasoil rebounds. As planes return to the skies and trucks and cars to roads, middle distillate demand is expected to outpace supply well into 2023
Sanctions on Russia amid self-sanctioning by Western oil traders have already upended oil markets; incoming bans on crude and refined products cargoes, shipping and marine insurance and reinsurance will further disrupt global tanker trade flows
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