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China's Russian oil imports to hit new record in February as India cuts back
China's imports of Russian oil surged to over 2 million barrels per day in February as Indian purchases decline amid U.S. sanctions and widened Russian crude discounts.
13 Articles
13 Articles
China's Russian oil imports to hit new record in February as India cuts back
China's Russian oil imports are set to climb for a third straight month to a new record high in February as independent refiners snapped up deeply discounted cargoes after India slashed purchases, according to traders and ship-tracking data.
In January 2026, China increased imports of Russian oil transported by the so-called “shadow fleet” of the Russian Federation, while India significantly reduced its purchases.
In the fall, India was the largest importer of Russian oil by sea, but it limited imports after further sanctions on Russia and especially pressure from the US.
China has become the main customer for Russian oil transported on the sea, imports reaching a record level in February. This massive growth comes in the context where India, another major buyer, has reduced the purchases after a commercial agreement with the United States, according to ProTV. Russian literature to China is estimated [...]
Russian oil imports from China will reach a new record in February, after India has agreed with the United States to break the oil links with Moscow.
Oil prices are rising on Monday, as investors await the outcome of the US-Iran talks and the expected increase in production by OPEC+. Meanwhile, Russia is doing everything it can to sell the oil that India is stopping buying. China has broken a record for imports from Russia.
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