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Russia Leans on China as U.S. Tries to Squeeze Indian Oil Trade
Market Intelligence Analysis
AI-Powered
Why This Matters
Russia is strengthening its energy relationship with China, with China becoming Russia's top buyer of oil and gas, in response to US efforts to limit Indian oil trade with Russia.
Market Impact
Market impact analysis based on bearish sentiment with 80% confidence.
Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Russian President Vladimir Putin and Chinese President Xi Jinping held a video link call on Wednesday, wherein Putin hailed Russia's energy relationship with China as "strategic" while emphasizing that Beijing has become Moscow's top buyer of oil and gas since the Ukraine 'special military operation' began. The timing is the most notable aspect, given the call came just two days after Trump announced he would cut tariffs on Indian goods in exchange for New Delhi halting purchases of Russian crude. Trump also said Washington…
Original article published by
OilPrice.com
on February 4, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.