Sold Out: Asian Buyers Continue To Snap Up Russia's Far-East Crude

Asian buyers continue to buy one of Russia’s key crude grades shipped from the Far East ports as the Sokol cargoes for May loadings for Asia are already sold out, traders told Bloomberg on Thursday. Crude from the Sakhalin I project, from which operator ExxonMobil said it would withdraw after the Russian invasion of Ukraine, was sold either on a term or spot basis to South Korea, China, and India, Bloomberg’s sources said. The voyage to deliver a cargo of Sokol to Asia is just a week long because the grade is being loaded from Russia’s…