After Strict U.S. Sanctions, Fewer Takers for Russian Oil
The new U.S. sanctions pressure on Russian oil appears to be having the intended effect, according to multiple reports from oil traders and tanker trackers. Russian volumes stuck at sea are rising, the Chinese and Indian refiners who normally buy the product are less interested than they were a month ago, and the discounts on offer are widening fast. The new American sanctions on top producers Rosneft and Lukoil have cut a large tranche of Russian oil exports out...
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