Asia’s crude oil markets are adjusting rapidly to new sanctions against top supplier Russia, sucking up cargoes while they can and moving to alternatives for deliveries in coming months.
The top-oil importing continent, Asia is on track to receive about 3.23 million barrels per day (bpd) of Russian crude in February, according to data compiled by LSEG Oil Research.
This is down about 7.4 per cent from January’s 3.49 million
