According to shipping data from energy consultancy Kpler, Turkey significantly reduced its imports of Russia's flagship Urals crude oil in November due to tightening Western sanctions against Russian energy suppliers and Turkish refineries shifting to alternative crude grades. Kpler data shows that Urals crude oil shipments to Turkey decreased by 100,000 barrels per day compared to October, bringing total imports to approximately 200,000 barrels per day last month.

The article indicates that Turkey significantly reduced its imports of Russian Urals crude oil in November due to tightening Western sanctions and the shift to alternative crude grades, with imports decreasing by 100,000 barrels per day to approximately 200,000 barrels per day. This increases the risk of reduced global crude oil supply, especially with Russian exports hampered, increasing supply-side pressure and supporting spot prices. In the short term, supply constraints are pushing up oil price expectations and supporting an upward trend.

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