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Asian refiners, traders see G7 price cap for Russian crude around $48-$55/b

September 15, 2022 Comments Off

Asian refiners broadly expect the G7’s price cap on Russian crude to serve as a handy reference point to pressure Russia to slash its crude offers, but feedstock managers at these companies said international market prices would ultimately determine any bilateral Russian trade deals to be conducted in the region over the coming months. US Treasury’s Assistant Secretary for Terrorist…