[Scythian]

(Bloomberg) -- Iraq may end up as one of the biggest losers from cheap Russian barrels flowing to Asia with lukewarm demand for its key grades.

There have been no spot purchases of Iraq’s Basrah Medium or Basrah Heavy crude so far in the current Asia trading cycle, while a tender to sell Heavy oil didn’t get awarded, said traders who buy and sell the grades. Typically, India and China are major buyers of these varieties, although they’ve boosted purchases of discounted Russian crude after the invasion of Ukraine.

[Scythian]

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Only Singapore leaders in Asia not thirsty for cheap Russian oil

Is it becoz Singapore is very rich and our leaders very comfortable so, no interest for cheap stuff at all..

Or higher petrol prices @ $4, govt collecting more petrol taxes and GST.

We suffered

[Scythian]

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Even EU shortage of gas but not Singapore

Steady lah