Published 2 years ago

Exclusive: China quietly increases purchases of low-priced Russian oil

Summary by Ground News

China's seaborne Russian oil imports will jump to a near-record 1.1 million barrels per day in May. The move by the world's biggest oil importer comes a month after it initially cut back on Russian supplies. The United States, Britain, and some other key oil buyers banned imports of Russian oil shortly after the invasion.

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Times of India

China quietly increases purchases of low-priced Russian oil

The move by the world's biggest oil importer comes a month after it initially cut back on Russian supplies, for fear of appearing to openly support Moscow and potentially expose its state oil giants to sanctions. China's seaborne Russian oil imports will jump to a near-record 1.1 million barrels per day (bpd) in May, up from 750,000 bpd in the first quarter and 800,000 bpd in 2021, according to an estimate by Vortexa Analytics.

2 years ago·India

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The Hindu

China quietly increases purchases of low-priced Russian oil

This comes a month after it cut back on Russian supplies, for fear of appearing to openly support Moscow and to avert its state oil giants from Western sanctions

2 years ago·India

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Reuters

Exclusive: China quietly increases purchases of low-priced Russian oil

The move by the world's biggest oil importer comes a month after it initially cut back on Russian supplies.

2 years ago·United Kingdom

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Daily Express

Xi backs Putin: China ‘quietly increases’ oil purchases despite Russia-Ukraine war

XI JINPING is backing Vladimir Putin by "quietly increasing" China's purchases of oil from Russia amid the ongoing war in Ukraine.

2 years ago·United Kingdom

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CNBC

China quietly increases purchases of low-priced Russian oil

China is quietly ramping up purchases of oil from Russia at bargain prices, according to shipping data and oil traders who spoke to Reuters.

2 years ago·United States

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Channel News Asia

China quietly increases purchases of low-priced Russian oil

SINGAPORE : China is quietly ramping up purchases of oil from Russia at bargain prices, according to shipping data and oil traders who spoke to Reuters, filling the vacuum left by Western buyers backing away from business with Russia after its invasion of Ukraine in February.The move by the world's bigges

2 years ago·Singapore

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