Highlights Russia has filled the gap left by US oil sanctions on Venezuela Bulk of imports include fuel oil products and feedstocks US refiners need Russian feedstocks to run secondary units London — Russian and US relations have turned frosty again after a new round of US sanctions but when it comes to Moscow’s oil, US refiners are more dependent on it than ever. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Imports of Russian oil, which consists mainly of fuel oil feedstocks and some crude, recently reached a 10-year high as US refineries continue to ramp up runs as the economy starts to recover from COVID-19. Russian oil imports as a share of US total oil imports hit a record high of 8% in January 2021, according to data from the US Energy Information Administration, up from 4% during 2018. Mark Finley, a fellow […]