Russia Profits as US Takes Venezuelan Oil off the Market in Europe

By Irina Slav – Oilprice.com – April 12, 2019 European refiners are switching to Russian sour grades as U.S. sanctions have shrunk Venezuela’s similar-grade exports, Reuters reports, adding that the Russian sour crude is getting increasingly expensive. Citing sources from the trading industry, Reuters says the situation has been made worse by the fact that […]