Russia's huge fleet of "ghost crude tankers" succeeds in generating revenue and evading western sanctions but at great cost and considerable risk, a global energy expert told Hart Energy. "They're adding friction, they're adding cost to the system, some of which is being borne by Russia in the form of discounting crude oil to find new homes for it," said Mark Finley, fellow in energy and global oil at Rice University's Baker Institute for Public Policy. "There are real costs in the system, for sure. We'll have to see what it means for refined products because those are different tankers, they tend to be smaller."
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