Trafigura reports that 600 tankers transporting Russian fuel are operating globally
🛢️ Trafigura reports that 600 tankers transporting Russian fuel are operating globally.
Dubbed a “shadow fleet” the crude oil vessels are quietly transporting the EU-banned Russian product. Trafigura is a multinational commodity trading company headquartered in Switzerland and one of the largest independent oil traders in the world. Trafigura is involved in the trading, storage, and transportation of crude oil, petroleum products, and other commodities such as metals, minerals, and agricultural products. Trafigura has a reputation for being a highly innovative and flexible company, leveraging its expertise in logistics, finance, and technology to create value in the commodity trading industry.
The diesel market is facing a crisis as output curbs from countries like Saudi Arabia and Russia limit the supply of medium and heavy crudes, crucial for diesel production.