Russia’s state-controlled oil giant Rosneft has failed to place 6.5 million barrels of various Russian crude blends loading in May and June after demanding rubles and 100-percent pre-payment from buyers, Reuters reported on Monday, citing five traders with knowledge of the tender process. There were no bidders for Urals, Siberian Light, Sokol, and ESPO crudes that Rosneft was trying to sell. Not even Indian state refiners bid to buy that oil because of “one-sided” terms of the tender, two of the sources told Reuters. Buyers have…
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