Dec. 3 at 2:42 PM
$NAT Somebody is blowing up Putins tankers. Today we hear that somebody also blowing up Putin's oil pipelines to Europe. Can somebody tell me how these events will affect Suezmax spot rates?
"On Wednesday morning, Kyiv Post cited sources in Ukraine's Military Intelligence (HUR) that reported an explosion struck the Druzhba ("Friendship") oil pipeline - one of Europe's most important energy arteries, which moves roughly 1.2 to 1.5 million barrels per day from Russia through Belarus and Ukraine into Central Europe."