Venezuela Receives First Russia Urals Cargo in Five Years

Russia has sent its first cargo of its flagship Urals crude grade to Venezuela in five years as tougher U.S. sanctions on Moscow’s oil exports and Red Sea shipping disruptions prompt Russians to seek “friendly” buyers of its crude further away from home. The supertanker Ligera has already arrived near Amuay Bay off Venezuela, after loading at least 1.7 million barrels of Urals crude in ship-to-ship transfers off the southern coasts of Greece in the Mediterranean in January, according to tanker-tracking data compiled by Bloomberg.…