The shadow fleet, also known as the "ghost fleet," enables Russia to export approximately 4 million barrels of oil ... assembling this fleet of old and worn-out tankers. From December 2022 ...

Russia used aging, underinsured, and often worn-out tankers to transport 2.4 million barrels of oil daily in June 2023. According to KSE analyses, this number rose to 4.1 million barrels in June 2024.

Weaker Chinese demand, strong US Shale production and end of OPEC+ cuts will force oil barrel price down anticipate investment banks Investment bank Morgan Stanley has again cut its forecast price ...