Oil, shipping markets look to navigate sanctions, conflict

Oil companies, refiners, shippers and traders are all weighing their involvement and exposure to Russia after financial sanctions were imposed in response to the invasion of Ukraine. Dated Brent was assessed by S&P Global Platts at $103.20/b, up $3.70, while American GulfCoast Select was assessed at $97.75/b, up $3.14. “It [sanctions] will likely make many buyers more hesitant to purchase…