Urals oil provides to Turkey leap in Feb as STAR refinery resumes Russian crude imports – Reuters Information Company

Enterprise & FinanceVitality

Reuters solely reported that provides of Russian flagship Urals crude oil to Turkey reached a four-month excessive in February after STAR refinery, owned by Azerbaijan’s oil agency SOCAR, resumed purchases of the mix. Sea-borne Russian oil provides are topic to an embargo by the European Union and the value is capped by the West to $60 per barrel over Moscow’s actions in Ukraine.

Market Impression

Enhance in Urals crude provides to Turkey will doubtless bolster the value of the Russian mix, making India and China, which already noticed record-high oil imports from Russia, compete for the Russian oil volumes with Turkey.

Article Tags

Subjects of Curiosity: Enterprise & FinanceVitality

Kind: Reuters Finest

Sectors: Commodities & Vitality

Areas: AsiaEurope

International locations: RussiaTurkey

Win Sorts: Exclusivity

Story Sorts: Unique / Scoop

Media Sorts: Textual content

Buyer Impression: Essential Regional Story

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