RE:Oil headed to $150 on sanctions...mnztr wrote: Apparently even though Russian oil has NOT been sanctioned, the wide ranging sanctions have apparenlt taken a great deal of Russian oil off the market as people are afraid to buy it or insure shipmenst etc due to the extennsive sanctions. so 2-4m bbls is now effetectively off the marlket.
Canada has banned any ship from Russia from entering any port within Canada. Sine there are no Oceanic piplines in existance the only way to transport Russian Oil is Via Ship. I am sure many Russian ships are registered in Panama BUT if they remove that loophole OR if the origin of the product on the ship disqualifies it, then no Russian Oil can get here.