Highlights About 880,000 mt to arrive in June Arrivals dampen demand for other regular crudes China’s independent refineries in Shandong are set to resume taking Russian Urals, with the first cargo arriving in early June and at least eight more cargoes later in the month, according to S&P Global Commodity Insights’ shipping fixtures and market sources. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The refineries halted the flow of Urals in November due to more competitively priced alternative supplies, and subsequently held off on buying until late April, despite the price of Urals falling to deep discounts against benchmarks following Russia’s invasion of Ukraine in late February. In late April, Urals cargoes for late May or early June delivery were trading at a discount of around $5-6/b to benchmark ICE Brent crude futures on a DES Shandong basis, market sources said. Market sources said […]