Yulong Petrochemical Purchases Russian Oil to Alleviate Supply Panic, Dubai Crude Premium Drops Accordingly
Crude Oil News: Yulong Petrochemical, which was sanctioned by the UK, has just placed an order for Russian ESPO crude oil to be loaded in November, immediately contradicting the Western sanctions on Russian oil. The premium on Middle Eastern Dubai crude has significantly decreased, indicating the easing of supply concerns, leading to a drop in oil prices.
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