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HomeTagsPrice Limitation

Tag: Price Limitation

China acquires Russian oil at...

Even though the actual prices refiners pay...

China acquires Russian oil at rock-bottom costs, defying price limitations

Even though the actual prices refiners pay may be higher than the price cap set this week by Western nations, China is purchasing Russian ESPO crude oil at the steepest discounts in months due to weak demand and low refining margins. The Group of Seven (G7) nations, the European Union, and Australia imposed a $60 per barrel cap that went into effect on Monday to curtail Moscow's ability to fund its conflict in Ukraine, though Russia has promised to challenge it. China To Depend on Russian Oil Independent refiners in China are...

Clark Baisa - December 8, 2022

China acquires Russian...

Even though the actual prices refiners pay may be higher than the price cap set this week by Western nations, China is purchasing Russian...

Clark Baisa - December 8, 2022

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