Chinese Independent Refiner Buys Russian Oil at Deep Discount After Sanctions
Russian ESPO crude was recently sold to at least one Chinese buyer at what traders say was the steepest discount this year, after demand for the grade tumbled following US...
By Charlie Zhu, Sarah Chen · Bloomberg Markets
Russian ESPO crude was recently sold to at least one Chinese buyer at what traders say was the steepest discount this year, after demand for the grade tumbled following US sanctions on Rosneft PJSC and Lukoil PJSC.