19 Million Barrels of Russian Crude Cleared for Sale in Asia

Refiners can legally buy at least 19 million barrels of Russian crude held on 25 tankers in Asia under the one-month U.S. waiver allowing sales as Middle Eastern supply is choked. The U.S. Treasury on Thursday moved to allow until April 11 purchases of Russian crude stuck in tankers in floating storage. Some 30 tankers carrying Russian crude oil and petroleum products are in Asia currently, according to vessel-tracking data compiled by Bloomberg. Of these tankers, 25 are laden with crude while the rest hold products, mostly…