Trading crude above the $60 limit set by Western countries could mean Moscow is covering freight and insurance expenses Russia’s ESPO crude from the Far East is being sold above the Western-imposed $60 per barrel price cap in Asia, Bloomberg reported on Friday, concluding that Moscow might be using its own tankers and insurance to bypass sanctions. The export price for ESPO grade for January deliveries was estimated at $67.11 by independent price information provider Argus Media on Thursday, and a number of China’s independent refiners that have already booked oil cargos for that month. The price cap on Russian se
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