After the US sanctions against the tanker fleet in January, the market began to recover. By the end of the month, freight rates had stabilized, and oil exports increased by 41.7%, reaching 466,000 tons per day.

In addition, Greek, Chinese and Arab tankers began to actively enter the Russian ports of Kozmino and Primorsk. They are still attracted by the high rate on oil transportation. Exports through Murmansk and Novorossiysk have also recovered.
February shipments are expected to increase by another 20-30 thousand tons per day. It’s already about the quotas of OPEC+, which plans to gradually increase oil exports.
@boneco