Flagship Russian Oil Sinks in China After India Buyers Pull Back

Prices of Russia’s flagship Urals crude for delivery to China have dropped to an unprecedented low as demand for the grade from Indian processors eases off, lessening competition for the...

By Rong Wei Neo, Serene Cheong · Bloomberg Markets

Prices of Russia’s flagship Urals crude for delivery to China have dropped to an unprecedented low as demand for the grade from Indian processors eases off, lessening competition for the cargoes.