Commodities
Elevated shipping expenses are prompting Asian buyers to seek domestically sourced supplies.
Emissions of steam and oil‑processing rise from the chimneys of Gazprom Neft’s Omsk Oil Refinery in Omsk, Siberia, Russia. © Reuters
RIONA GOMI
November 12, 2026 05:46 JST
In Tokyo, Russian crude oil, still subject to international sanctions, is trading at unusually high levels, with its price premium over the Brent benchmark reaching a record high.
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