Who is buying bargain Russian oil in Asia?

Tankers full of Russian crude still entering Japan, South Korea, India, China

20220418 Russia Oil

The benchmark price for Ural crude in Europe slipped by around 30% between early March and mid-April, falling from $111 to $78 a barrel. © Getty Images

RURIKA IMAHASHI, Nikkei staff writer

TOKYO -- Nearly two months after Russia invaded Ukraine, much Russian oil continues to flow to Japan, South Korea, China and India, the latest tanker-tracking data shows.

Since the start of the war on Feb. 24 until April 18, a total of 380 oil tankers departed Russia, according to a Nikkei Asia analysis of data from Refinitiv. That is up slightly from 357 during the same period last year.

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