New record! China laps up discounted Russian crude as India reduces purchases; threat of US strikes on Iran adds to jitters

Feb 16, 2026 - 19:00
New record! China laps up discounted Russian crude as India reduces purchases; threat of US strikes on Iran adds to jitters

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Supplies of Urals, along with other export grades such as Sokol and Varandey, have added to regular shipments of Russia’s flagship ESPO blend exported from the Far East port of Kozmino, which is geographically closer to China.

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