Greece’s Navy extended a series of exercises aimed at preventing tankers from transferring Russian oil just miles off its coastline. The navy said in a notice that it will be conducting exercises until May 19 in the Laconian Gulf, an expanse of water that’s become well-known in the oil market as a location for Russian oil switching. It had been due to finish on May 9. A person familiar with the matter said that the exercises are aimed at deterring the ship-to-ship transfers. When Greece first announced the drills last week, tankers quickly evacuated the area, gathering to the south instead. The gulf, surrounded by ... (full story)