China’s independent refiners secretly buying Russian oil at steep discount Posted on May 4, 2022 by cngpump According to the official, state-owned commodity trading firms gave the refinery some of the purchased quotas for Russian crude oil. State trading companies have mostly declined to sign new supply contracts. Related posts: Russian oil: Indian refiners to tank up, eye bigger discounts in strategy shift Discount shopping: PSU refiners stock up on cheap Russian crude US refiners receiving last Russian oil cargoes before wind-down Who is buying Russian crude oil and who has stopped? India’s Nayara Energy buys Urals after 1 year Fuel sales growth moderates in April on high prices Shell tightens restrictions on Russian oil buying G7 rejects Putin’s demand for rouble payment for Russian gas – Germany Norway’s state company Equinor confirms trading halt in Russian oil The Mukesh Ambani-Gautam Adani rivalry is about to get intense
