China Is Squeezing India Out of Russia’s Oil Trade
4 Articles
4 Articles
The increase in Russian exports to China leaves one of the most important producers of diesel and gasoline without oil. The post China "sucks" oil and India "thirsts" - Why it concerns us appeared first on in.gr.
China Is Squeezing India Out of Russia’s Oil Trade
China is buying more Russian oil to replace missing Iranian barrels. The problem for India is that some of those Russian barrels used to be its barrels. China’s seaborne imports of Russian crude are estimated at 1.25 million barrels per day in August, according to Kpler data, cited by Reuters. That is down from 1.423 million bpd in July, but July and August are still China’s strongest months for Russian seaborne crude since April. The shift come…
Asia is on the verge of a major crisis. China is rapidly increasing purchases of Russian oil to replace supplies from the Middle East. This leads to a shortage of raw materials in India and poses the risk of acute fuel shortages across Asia. This was reported by RBC-Ukraine with reference to Reuters. According to Kpler analysts, the import of Russian oil by sea to China in August will amount to 1.25 million barrels per day. Although this is slig…
China is increasing the purchase of Russian oil from European ports, which has reduced imports of raw materials to India by 30 per cent, threatening the fuel shortage in Asia.
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