REFINERY MARGIN TRACKER: Russian crude cargoes taper off as margins rise

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Russian crude export flows are starting to taper off as many refiners reach a turning point when it comes to buying Russian crude, but even those receiving barrels bought prior to Russia’s invasion of Ukraine Feb. 24 are seeing high margins, according to an April 4 S&P Global Commodity Insights analysis. So far, there has not been an observable drop…