- China’s Covid virus resurgence is causing worries about oil demand
- Shanghai will lock down half of the city in turns for mass COVID-19 testing
- About 62 million people in the country are either in lockdown or facing one imminently, according to Bloomberg
- Russian oil supply is getting squeezed as many western buyers avoid purchases (Bloomberg)
- Some crude its way into Asia as east-bound exports of a few grades from the Baltic and Black sea rose to the highest in almost two years in March (Vortexa)
- Russia is still able to sell its crude due to steep price discounts, Deputy Prime Minister Alexander Novak said last week
- Tankers carrying Russian oil chemicals and oil products are increasingly concealing their movements, a move that experts say could signal attempts to evade sanctions