Asian buyers push for even steeper Urals discounts after G7 price cap

Capt. John

Asian refiners are requesting even further discounts on Russian Urals cargoes following G7’s attempt to apply a $60/b price cap on Russian crude from Dec. 5, industry sources said Dec. 8. Indian refineries in particular had been targeting differentials around $15/b on a CIF basis through November....

https://www.spglobal.com/platts/en/market-insights/latest-news/oil/120922-asian-buyers-push-for-even-steeper-urals-discounts-after-g7-price-cap

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