Oil’s Billion-Barrel Buildup at Sea Points to Sanctions Stress

A buildup of a billion barrels of oil on the world’s oceans includes a disproportionately large amount of crude from nations subject to some kind of sanctions — a sign...

By Alex Longley, Julian Lee · Bloomberg Markets

A buildup of a billion barrels of oil on the world’s oceans includes a disproportionately large amount of crude from nations subject to some kind of sanctions — a sign the measures are bringing a degree of disruption to the oil trade.