Asian buyers push for even steeper Urals discounts after G7 price cap

Asian refiners are requesting even further discounts on Russian Urals cargoes following G7’s attempt to apply a $60/b price cap on Russian crude from Dec. 5, industry sources said Dec. 8. Indian refineries in particular had been targeting differentials around $15/b on a CIF basis through November. But since the $60/b G7 cap was confirmed, buyers have pressed for even…