Controversial B.C. Chemical Seller Embroiled in Lawsuits Two Years After U.S. Sanctions
Chinese refiners cut nearly 45% of Russian crude imports after US sanctions on top Russian producers, shifting to alternative suppliers amid fears of sanction risks.
8 Articles
8 Articles
Chinese Refiners Retreat From Russian Oil After U.S. Sanctions
Chinese oil refiners are cutting back on purchases of Russian crude after Washington and its allies expanded sanctions against Moscow’s top energy producers and some of their customers. State-owned companies, including Sinopec and PetroChina, have reportedly canceled Russian cargoes in response to US sanctions imposed last month on Rosneft and Lukoil, traders said. Smaller independent refiners, known as “teapots,” are also holding off amid fears…
Chinese refiners, including Sinopec and PetroChina, are rejecting Russian oil due to US sanctions. The decision affects 400,000 barrels per day, jeopardizing Russian-Chinese energy cooperation.
China Pulls Back From Russian Oil as US Sanctions Hit Rosneft, Lukoil
Chinese refiners are cutting back on Russian crude purchases after Washington and its allies expanded sanctions to include Moscow’s largest oil producers and some of their trading partners, Bloomberg reported on November 3. State-owned energy firms Sinopec and PetroChina have canceled several Russian cargoes following US sanctions on Rosneft and Lukoil last month, traders told Bloomberg. Smaller private refiners, known as “teapots,” are also pau…
Chinese refineries have begun to avoid Russian oil supplies in response to the US and other countries imposing sanctions on major Russian producers and some of their customers.
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