Viva, Ampol shun Russian oil cargoes over war in Ukraine | NickToscano1
Ampol and Viva Energy, two of Australia’s largest fuel suppliers, have stopped buying Russian crude oil as the war in Ukraine continues.
Viva has been exploring options to dispose of two Russian-origin crude cargoes purchased before the conflict, due to arrive in Australia over the next two months, but had been unable to find credible buyers. Russia is a major global oil supplier accounting for up to 11 per cent of the world’s crude oil production. As Western nations impose economic sanctions on Moscow and global investors, refineries and shippers shun Russia’s vast energy sector, the price of crude oil has pushed past $US100 a barrel and reached as high as $US139 earlier this week, its highest level since 2008.
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