China Is Squeezing India Out of Russia’s Oil Trade
Market Intelligence Analysis
AI-Powered 60% FREE-ANALYSIS-RULE-BASED-ANALYSISFinancial market analysis indicating bullish sentiment based on current trends.
Article Context
China is buying more Russian oil to replace missing Iranian barrels. The problem for India is that some of those Russian barrels used to be its barrels. China’s seaborne imports of Russian crude are estimated at 1.25 million barrels per day in August, according to Kpler data, cited by Reuters. That is down from 1.423 million bpd in July, but July and August are still China’s strongest months for Russian seaborne crude since April. The shift comes as Chinese imports of Iranian oil remain crushed by the Middle East war and U.S. blockade.…
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- free-analysis-rule-based-analysis OIL Bullish Confidence: 60%
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Summary
Financial market analysis indicating bullish sentiment based on current trends.
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Short Term
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