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China May Lose Its Black Market Oil Trade. Its Reserves Will only Last Until March
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Kpler data shows that up to a third of the oil China currently imports comes from countries that Western countries have imposed sanctions on. The country is also taking advantage of the fact that undemocratic regimes offer their oil at significant discounts compared to market prices. Estimates show that up to six million barrels of oil are traded on the black market every day, writes The Wall Street Journal. China paid almost nine US dollars les…
·Bratislava Region, Slovakia
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