Indonesia Receives First Russian Crude Shipment Under April Supply Deal

Indonesia has recently welcomed the first cargo of Russian crude oil under a deal Southeast Asia’s biggest economy struck with Moscow in April. About 770,000 barrels of Russian crude oil was delivered to Indonesia’s port of Balikpapan at the end of June, per customs data by Big Trade Data cited by Bloomberg. This was the first shipment of crude oil from Russia to Indonesia since the two countries agreed in April, at peak Hormuz crisis, on a regular supply deal. Indonesia produces some 600,000 barrels of crude oil per day (bpd), but…