Highlights On track to completely phase out Russian oil purchases Refiners maintain high runs to help ease Asia’s diesel shortages South Korea to mainly rely on US, Middle Eastern crude South Korea slashed crude imports from Russia in May to just a single Aframax cargo, according to latest customs data, a clear cut signal that Asia’s third biggest crude importer is on track to completely phase out Russian oil purchases before the end of the year, industry and refinery sources said June 21. Receive daily email alerts, subscriber notes & personalize your experience. Register Now South Korea took just 695,859 barrels from Russia in May, down 84.3% from 4.44 million barrels imported from the non-OPEC producer a year earlier, data from Korea Customs Service released June 20 showed. The May shipments marked the lowest monthly Russian crude imports since 310,000 barrels were received in November 2006. Although there are […]