"Reasons Unknown": Floating Russian Oil Base Off Greece Abruptly Shifts South

https://www.zerohedge.com/commodities/reasons-unknown-floating-russian-oil-base-greece-abruptly-shifts-south

>Traders and shipping companies have ensured millions of barrels of Russian crude and crude products flow around the world despite European Union sanctions against Moscow for its 'special operation' in Ukraine. One method to ensure the flow has been cargo switching at sea, known by traders as ship-to-ship or STS transfers.

>One of the hottest STS transfer spots for Russian crude and crude products was in Greece's Laconian Gulf, a gulf in the south-eastern Peloponnese. Now, research firm TankerTrackers reports that Russian oil transfers in the area have "completely vacated" the area this week.

>"For reasons unknown, the Laconian Gulf in Greece, used as a transshipment point for Russian oil; was completely vacated of major tankers on the afternoon of 2024-05-01. The STS transfers are now taking place directly south of the gulf," TankerTrackers wrote on X.