A steep discount in Russian diesel prices compared with fuel produced by other countries has spread to the European barge market in two-tier trading that is likely to continue as the EU works to phase out Russian refined product imports. Importing Russian crude oil and refined products does not currently breach Western sanctions but a number of large firms including Shell, BP and TotalEnergies have already stopped buying from Moscow, while others started cutting purchases from May 15. The discount for Russian crude and refined products is now […]