More than a million barrels per day of US crude is expected to go to Europe to fill the gap in Russian supplies, Vitol's Chief Executive Officer Russell Hardy told a forum at the 38th Annual Asia Pacific Petroleum Conference (APPEC) 2022 conference, Report informs, citing Reuters.
According to him, Russian oil is expected to come to Asia and the Middle East, while refined fuel produced in these regions will flow to the West as the global oil trade is disrupted by sanctions.