The continuous shift in oil trade flows following the EU embargo on Russian exports is a huge win for the crude from Western Europe's largest oilfield offshore Norway. Norway's Johan Sverdrup crude is now a top choice for European refineries that used to rely on Russia's flagship grade, Urals, before the Russian invasion of Ukraine.
The Johan Sverdrup crude from the same-name field, which came online in 2019, is similar in quality to Russia's Urals and has been increasingly flowing to European customers over the past year at the…Norwegian Crude Becomes Mainstay For EU Refiners As They Ditch Urals
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