South Korea on course to slash Russian crude imports, takes ample US cargoes as alternative

South Korea is on course to sharply reduce crude imports from Russia with shipments from the OPEC+ producer tumbling by more than 40% year on year in March, as refiners aim to avoid trade, logistics and financial complications, while light sweet US crude is considered the country’s best option to fill any Russian supply gaps. South Korea imported 2.98 million…