💲Beijing is increasing purchases from the Russian Federation, edging out New Delhi.
🛢According to estimates by the analytical company Kpler, in August seaborne oil supplies from Russia to China will amount to about 1.25 million barrels per day.
🔘
This is slightly less than the 1.423 million b/d in July. However, July and August have become the two most successful months for Chinese oil imports from Russia since April," — Reuters reports.
🤣As the publication notes, this indicates that Chinese refineries are seeking to purchase more Russian oil to replace Middle Eastern supplies.
🇪🇺At the same time, China is increasingly receiving Russian oil not from eastern ports, but from European ports — in August, the share of such supplies rose to 31%.
🇮🇳For India, this could pose problems, as it mainly receives Russian oil precisely from the European part of the Russian Federation.
As a result, Russian oil imports to New Delhi in August are estimated at 1.87 million barrels per day — almost a third lower than July's figure of 2.79 million.
#News #Economics #Energy #Oil #Russia #China #India
🔘Subscribe now! Chat