North Asian buyers avoid Far East Russian crudes in March on sanctions, payment hassles
Crude oil from Far East Russia, usually a staple for North Asian refiners, is facing a dearth of buyers this month as mounting sanctions against Russia make the trade fraught with risk, sources told S&P Global Commodity Insights March 17. Following the failure of India’s ONGC to attract any bids in its tender to sell a Far East Russian crude…