China And India Buy Russian Crude Above The Price Cap ...Middle East

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China And India Buy Russian Crude Above The Price Cap
China and India, the main customers of Russia's crude oil in recent months, have snapped up in April Russian cargoes at prices above the $60 per barrel price cap set by the G7, Reuters reports, citing traders and its own calculations. Russia's flagship crude grade Urals is now trading above the $60 price cap and has headed mostly to India and China so far this month, per data from Refinitiv Eikon cited by Reuters. India is estimated to account for over 70% of the Urals shipments in April, and China is receiving 20% of those shipments so far this…

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