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Johan Sverdrup crude demand slips in European market adjustment

November 13, 2023 Comments Off

Norway’s Johan Sverdrup crude, the rising star of the European market in recent months, may be losing some of its status as the go-to replacement for Russia’s Urals, as markets adjust and Equinor considers the field’s possible decline. The rise of Johan Sverdrup crude production proved a life-saver for European refiners following the shutdown of Russian Urals crude supplies to…