America’s Iran War Is Driving China Toward Russian Oil
5 Articles
5 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...
Russia has shipped more than 10 million barrels of crude oil via the Northern Sea Route since the beginning of this year to bolster its supplies to China as buyers seek alternative sources. This comes after disruptions to Iranian exports and concerns about shipping lanes in the Middle East. According to trade sources and shipping data from LSEG, China […] The article “Russia Boosts Oil Exports to China via the Arctic” was published in Al-Borsa n…
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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