America’s Iran War Is Driving China Toward Russian Oil
4 Articles
4 Articles
Russia has shipped more than 10 million barrels of crude oil to China via the Arctic road since the beginning of the year, in an indication of the accelerated use of the corridor as an alternative to the Middle East tracks, amid concerns about navigation through the Strait of Hormuz.
America’s Iran War Is Driving China Toward Russian Oil
China has increased its purchases of Russian crude for three months running. Ship-tracking estimates put August deliveries at 1.6 million barrels per day, up 200,000 from July and 500,000 from their May low.The reason lies thousands of...
Reuters reported that Russia has transported more than 10 million barrels of crude oil to Asian markets through the "Northern Sea Route" in the Arctic Ocean since the beginning of this year.
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