Asia buys Russian oil

An increase in Asia’s demand for Russian oil at reduced prices offsets the significantly lower number of barrels sold to Europe, thus weakening the effects of the West’s attempts to punish Russia for the invasion of Ukraine.

Most of the excess oil has gone to two countries: China and India. China’s imports of Russian oil rose 28 percent in May compared to April, a record that made Russia the leading oil supplier to China, formerly Saudi Arabia. But the biggest increase has been in exports to India, which has gone from importing almost no oil from Russia to bringing home more than 760,000 barrels a day, according to shipping data from market analysis firm Kpler.

Source: – Forsiden by

*The article has been translated based on the content of – Forsiden by If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!