China and India have suspended purchases of Russian oil for March delivery due to a surge in freight costs for tankers unaffected by U.S. sanctions, Reuters reported, citing traders familiar with the matter. According to the traders, the premium for Russian ESPO crude has risen by $3–5 per barrel compared to ICE Brent, while freight rates for Aframax tankers on routes to China have increased by "several million dollars." On...

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