After US action against Russian oil, spot premiums for West Asian crude fly north

Spot prices for Middle East crude hit their highest level in over two years due to strong demand from China and India. The Biden administration on Friday announced sweeping sanctions targeting Russian producers and tankers.

After US action against Russian oil, spot premiums for West Asian crude fly north
Spot prices for Middle East crude hit their highest level in over two years due to strong demand from China and India. The Biden administration on Friday announced sweeping sanctions targeting Russian producers and tankers.