Lucrative offers for Russian spot crude cargoes may look attractive at first glance, but Asian oil importers appear reluctant to close deals as they cautiously weigh shipping risks, bandwidth to absorb incremental supplies, and risks to sensitive bilateral relations with key trading partners. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Although crude oil above $100/b makes any kind of discount attractive to Asian oil consumers — which rely on imports for 70%-100% of their needs — most refiners are sticking to their traditional suppliers such as the Middle East, Latin America and Africa for bulk of their purchases even though the cost is higher, analysts told S&P Global Commodity Insights. But analysts said some incremental spot Russian volumes could go to countries like China and India. “The escalating Russia-Ukraine conflict, related sanctions and the direct import ban by the United States imposed […]