Vitol: The re-routing of Russian crude from West to East would put a strain on the shipping sector. Vitol: Traders will face challenges in finding Aframaxes to load oil from Russian ports. Finding tankers and insurance coverage not linked to the EU, the G7, or other countries that may join the price cap mechanism could be next to impossible. With the EU embargo on imports of Russian oil starting in December, Russia will have to find new homes for around 2.4 million barrels per day (bpd) of its crude and refined product exports, which will be banned from entering EU and G7 countries unless the oil is sold at or below a certain price the buyers expect to set. Even if the price cap mechanism fails to work for the West, as many analysts expect, and even if Russia manages to divert all its previously EU-bound oil exports eastwards […]