Global Demand for Russian Oil Surges in April
TL;DR Summary
Loadings of Russia's flagship Urals crude from western ports are set to reach their highest level since 2019, with more than 2.4 million bpd expected for April, despite Moscow's 500,000 bpd output cut. The price of Urals crude is threatening to exceed the $60 per barrel price cap set by the G7, buoyed by OPEC+ production cuts. Analysts are uncertain whether Moscow's cuts have been implemented as planned since March, but a major thirst for discounted Urals crude from Asia continues to drive exports.
- Russia's Flagship Crude Sees Near-Record April Loadings OilPrice.com
- India and China snap up Russian oil in April above ‘price cap’ Al Jazeera English
- West using third countries as bridges to use Russian oil | English News| WION WION
- Oil exports from Russia's western ports hit 4-yr high in April Reuters
- Saudi and UAE snub U.S.-led West; Arab Nations continue to buy cheap Russian oil | Report Hindustan Times
- View Full Coverage on Google News
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