Russian oil

Chinese state oil firms stopped buying Russian oil after Washington imposed sanctions on Moscow’s biggest oil companies, including Rosneft.

China oil majors resume seeking Russian oil after 4-month halt: sources

This is to head off supply shortages caused by the war in the Middle East

The licence issued by Washington authorises the delivery and sale of Russian crude oil and petroleum products loaded on vessels on or before Mar 12.

US issues 30-day sanctions waiver for purchase of Russian oil at sea

Russian envoy says the move will affect 100 million barrels of oil

The new trade deal is expected to offer relief to India’s economy.

Trump’s surprise trade deal with India resets fractured ties

The US will cut its levy on Indian goods to 18% from 25%, lower than most Asian peers

China imports roughly 1.4 million barrels of Russian oil per day by sea and approximately 900,000 bpd of Russian oil by pipeline.

Moscow, Beijing discuss Russian oil exports boost

Russia has been discussing with Chinese partners the possibilities of expanding oil exports to China

In September, 69% of Russia’s seaborne crude exports were carried on “shadow fleet” tankers, says the Centre for Research on Energy and Clean Air.

Trump’s India squeeze to push Russian oil further into the shadows

In the shadow market, Russian crude’s country of origin would be obscured, meaning it could end up in many places

Washington has called on its allies to impose tariffs on purchasers of Russian oil such as India and China.

G7 nations say they will target those continuing to increase Russian oil purchases

Russia has faced heavy sanctions from Western powers who have been considering ways to restrict financing for its war efforts

Trump told EU officials on Tuesday he was willing to broaden tariffs on Russian oil buyers such as China and India — possibly as high as 50% to 100% — if the bloc takes similar steps.

China chides ‘economic pressure’ over Trump threat of Russian oil tariffs

Trump suggests he is willing to broaden tariffs on Russian oil buyers such as China and India