Oil Shippers Rake In Billions From Russian Oil Trade

While Russia looks to contain the loss of oil revenues as the price of its flagship crude plummeted after Western sanctions took effect, oil shipping firms and Asian refiners are raking in billions of U.S. dollars from transporting and refining Russian crude.      To attract customers in China and India ahead of and after the EU embargo and the G7 price cap, Russian exporters have been offering $15-$20 per barrel discounts, and they are also paying $15-$20 per barrel to shipping companies to transport the crude to Asia,…