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Russian Urals crude is being offered to Chinese buyers at lower prices as Indian refiners pull back after new US tariffs. Traders report five to ten cargoes have been purchased, but China is unlikely to absorb all volumes redirected from India, according to Bloomberg.
https://bloomberg.com/news/articles/2025-08-08/russia-s-urals-touted-to-refiners-in-china-as-oil-flows-in-flux
https://x.com/wartranslated/status/1953818769110794339