China is snapping up Russian oil at the steepest discount in months as EU scrambles to keep a lid on Moscow's energy income

Dec 7 2022 by Business Insider

 

Alexei Druzhinin/RIA Novosti/Reuters

China is purchasing Russian crude at the steepest discounts in months, Reuters reported. Four traders familiar with the matter said at least one refinery purchased crude for as low as $68 a barrel. "They don't really care about the price cap. All they do is crunch the numbers to see if the delivered prices make good profit or not."

As the European Union scrambles to keep a lid on Moscow's energy income, China is snapping up Russian oil at the steepest...

Continue Reading China is snapping up Russian oil at the steepest discount in months as EU scrambles to keep a lid on Moscow's energy income