Russian Oil Offered at Record Discount as Buyers Hit Pause
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Article by:
Sherry Su and Alex Longley - Bloomberg
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Date Published:
February 24, 2022
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Who was cited:
Alex Kavouris, Lead Oil Analyst - FGE
Russia’s flagship crude oil was offered for sale at a record discount as some buyers and shipping companies fretted over potential sanctions by the West following the country’s invasion of Ukraine. Oil freight transportation costs boomed.
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