Why did shell buy Urals crude from Russia?

On Friday, Shell purchased 100,000 metric tons of flagship Urals crude from Russia. It was reportedly bought at a record discount, with many firms shunning Russian oil due to Moscow’s unprovoked invasion of its neighbor. The purchase did not violate any Western sanctions.

Did shell buy Russian crude oil from Trafigura?

REUTERS/Thilo Schmuelgen/File Photo LONDON, March 4 (Reuters) - Shell (SHEL.L) bought a cargo of Russian crude oil from Swiss trader Trafigura in S&P Global Platts window loading from Baltic ports at a record low of dated Brent minus $28.50 a barrel, traders said on Friday.

Why did shell buy Russian oil at a record discount?

It was reportedly bought at a record discount, with many firms shunning Russian oil due to Moscow’s unprovoked invasion of its neighbor. The purchase did not violate any Western sanctions. Shell officially changed its name on Friday, ditching “Royal Dutch”, which has been part of its identity since 1907.

Who bought Russian crude oil?

London-listed Shell bought the crude from Trafigura Group Pte. Ltd., one of the biggest commodity traders and largest exporters of Russian oil. Trafigura had failed to sell the cargo this week before drawing a bid from Shell after dropping the price to a massive discount.