U.S. Imports Of Russian Oil Expected To Soar After Hurricane Ida

The United States is set to import more Russian oil this month and next, sources familiar with the matter told Bloomberg, as American supply of medium sour crudes is tight with 77 percent of U.S. Gulf of Mexico oil production still offline ten days after Hurricane Ida made landfall in Louisiana. There is increased interest from refiners for Russian crude, especially the medium sour Urals grade, which is similar to the U.S. Mars blend whose production is still offline, according to Bloomberg’s sources. The tighter supply of U.S. medium sour…