As the bills are due for millions of barrels of contaminated Russian oil that have been stuck for weeks in pipelines from Belarus to Germany, Reuters offered insight into how no one wants to pay. Western oil companies and European refiners bought the oil a month ago, before discovering it was unusable. Several Western buyers have asked Russian producers if they can postpone payments for the tainted crude while buyers and sellers agree how to resolve the mess – and how to share the costs.
Reuters offers insight into the dirty Russian oil no one wants to pay for
15 May 2019, 12:00 am 1 minute
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Europe / Middle East / Africa