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Turkey Imports Higher Volumes of Russian Oil in May


Turkey’s purchases of Russian Urals hit a seven-month high in May according to Refinitiv.

  • Around 230,000 bpd of Urals oil were loaded for delivery to Turkey’s ports in May, the highest level since October 2022 and nearly double April’s volumes.
  • President Erdogan celebrated his election win today, promising continued trade with Russia.

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