Russian oil

G7 agrees on a price cap for refined Russian oil

Dahlia Martyna Feb 7, 2023

US Treasury Secretary Janet Yellen announced on Friday that the Group of Seven industrialized countries will impose a price ceiling on refined Russian oil products such as diesel and kerosene as part of a coalition that includes Australia…

China acquires Russian oil at rock-bottom costs, defying price limitations

Clark Baisa Dec 8, 2022

Even though the actual prices refiners pay may be higher than the price cap set this week by Western nations, China is purchasing Russian ESPO crude oil at the steepest discounts in months due to weak demand and low refining margins. The…

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