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Mid-Year outlook Market Outlooks Political Risk and Trade

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

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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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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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