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6 days agoOil-crude premiums surge as U.S. cuts Russian supply and Asian buyers pivot
Spot crude premiums in the Middle East and Asia climbed sharply after the U.S. imposed sanctions on Russian producers Rosneft and Lukoil, prompting a scramble for alternative feed-stocks by large importers such as India and China. Middle-East sour grades saw the steepest premium moves, with Cash Dubai and Oman/Murban hitting multi-week highs. The shift adds inflationary pressure for Asian refiners and may feed through into downstream product pricing. :contentReference[oaicite:7]{index=7}
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6 days agoOil-crude premiums surge as U.S. cuts Russian supply and Asian buyers pivot
Spot crude premiums in the Middle East and Asia climbed sharply after the U.S. imposed sanctions on Russian producers Rosneft and Lukoil, prompting a scramble for alternative feed-stocks by large importers such as India and China. Middle-East sour grades saw the steepest premium moves, with Cash Dubai and Oman/Murban hitting multi-week highs. The shift adds inflationary pressure for Asian refiners and may feed through into downstream product pricing. :contentReference[oaicite:7]{index=7}
Explore:Mutual Fund AI Screening
neutral
Oil-crude premiums surge as U.S. cuts Russian supply and Asian buyers pivot
7 days ago
1 min read
69 words
Crude-oil spot premiums surged after U.S. sanctions on Russian suppliers forced Asian buyers to re-source, lifting Middle-East grades.
Spot crude premiums in the Middle East and Asia climbed sharply after the U.S. imposed sanctions on Russian producers Rosneft and Lukoil, prompting a scramble for alternative feed-stocks by large importers such as India and China. Middle-East sour grades saw the steepest premium moves, with Cash Dubai and Oman/Murban hitting multi-week highs. The shift adds inflationary pressure for Asian refiners and may feed through into downstream product pricing. :contentReference[oaicite:7]{index=7}
Spot crude premiums in the Middle East and Asia climbed sharply after the U.S. imposed sanctions on Russian producers Rosneft and Lukoil, prompting a scramble for alternative feed-stocks by large importers such as India and China. Middle-East sour grades saw the steepest premium moves, with Cash Dubai and Oman/Murban hitting multi-week highs. The shift adds inflationary pressure for Asian refiners and may feed through into downstream product pricing. :contentReference[oaicite:7]{index=7}
Companies:
Rosneft
Lukoil
Tags:
economy
commodities
economy
commodities
oil
asia
sanctions
Oct 24, 2025 • 01:34 IST