The average API density of European crude imports continues to rise in early 2023 as imports from the US remain robust, which has been keeping demand for heavier grades high, with Europe increasingly leaning towards Latin America for these barrels.
A few laden Yamal LNG-chartered vessels that were earlier signalling their arrival at ports in France and Spain are waiting for orders to sail to new destinations suggesting a pre-emptive move by Yamal LNG ahead of a possible ban by the EU on Russian ships entering its ports.
