South Korea on track to phase out Russian crude imports amid ample US, Saudi supplies

 In In the News
South Korea is on track to phase out Russian crude imports as domestic refiners boost US and Saudi purchases to meet high operation rates, leading the world’s fourth biggest crude importer to cut April shipments from the non-OPEC producer by around half, industry participants said. South Korea’s April crude imports from Russia plunged 46.7% year on year to 4.33 million…