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Russia’s Seaborne Crude Flows at Risk as India Shuns Key Grade
Russia’s seaborne crude shipments fell for a second week, with difficulties selling a key Pacific grade to India set to further snarl flows in the coming week.
Moscow has been struggling to get its Sokol crude into India, the main market for the grade produced by the Sakhalin 1 project, with the Asian nation’s refiners wary of falling foul of US sanctions and complaining that the grade is too expensive relative to alternatives.
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