Synonymer: crude oil, crude petroleum, naphtha, petroleum, oil
Even though MOL bought Russian crude at a steep discount, the researchers said the company has still sold its products at prices similar to other regional markets, causing its profits to soar.
Deliveries of higher quality crude from Venezuela, Cuba’s largest provider of fuel, have dropped by 50% in recent years.
The West will implement the cap simply by refusing to provide essential services, such as ship brokerage and insurance, for Russian crude that is sold above the limit.