China’s Russian Urals oil imports hit 2023 highs as India demand slows
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China’s Russian Urals oil imports hit 2023 highs as India demand slows
China is importing the most Russian Urals crude since 2023 at prices lower than Iranian oil after top buyer India cut imports sharply due to Western sanctions and before a European Union ban on products made from Russian oil, according to trade sources and shipping data. Tougher Western sanctions o»»»
India’s retreat from Russian oil sends China’s Urals imports to a nearly three-year high
China’s appetite for Russian Urals crude is surging, reaching its peak since June 2023. This uptick follows India's substantial drop in Russian oil imports attributed to stringent Western sanctions and an approaching EU oil product ban. Chinese independent refiners are capitalizing on the discounte»»»
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