China’s independent refineries set to receive first Russian Urals crude since Nov
China’s independent refineries in Shandong are set to resume taking Russian Urals, with the first cargo arriving in early June and at least eight more cargoes later in the month, according to S&P Global Commodity Insights’ shipping fixtures and market sources. The refineries halted the flow of Urals in November due to more competitively priced alternative supplies, and subsequently held…