Russia's Oil Exports Decline Amid Sanctions and Geopolitical Tensions
TL;DR
Chinese oil refiners are increasingly shunning Russian oil shipments, especially the ESPO grade, due to US and allied sanctions targeting Russian producers and customers, leading to a significant drop in Russian oil imports by China and impacting global supply dynamics.
- Russian Oil Finds Fewer Takers in China After Hit From Sanctions Bloomberg.com
- Crushed by punishing US sanctions, Russia’s Lukoil accepts offer to sell its international business CNN
- How Putin overplayed his hand, and sank Lukoil Euractiv
- Opinion | The U.S. is poised to rock Russia and China — if it holds firm The Washington Post
- The Predictable Unpredictability of Trump's Oil Sanctions Yahoo Finance
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