Low-priced Russian Urals crude cargoes attract Chinese buyers for June deliveries
Several Chinese state-owned refiners have returned to the Russian spot market to buy May-loading Urals crude barrels, attracted by their record discount to Dated Brent, refining sources told S&P Global Commodity Insights March 22. “We will have a cargo of Urals for delivery in June, the price is quite low,” a source with a state-owned refinery in southern China said….