Chinese Refining Giants Resume Purchases Of Russia’s Flagship Crude

By Tsvetana Paraskova of OilPrice.com After a brief hiatus around the time the EU embargo and the G7 price cap on Russian crude came into force, China’s largest state-held refiners have resumed purchases of Russia’s flagship Urals crude at well below the $60 cap without breaching the sanctions, industry sources told Reuters on Wednesday. […] Source