In February, Russian oil supplies in China in February were reduced to 969 thousand barrels per day – the minimum level since December 2022.
In March, state oil companies in March reduced Russian oil imports due to new US penalties. Reuters reported this Friday, March 14th.
The largest of them is SINOPEC – completely stopped buying, a similar decision made Zhenhua oil. At the same time Petrochina And Cnooc They reduced the volume of supplies, even though they continued the sea transmissions.
According to industry resources, SINOPEC Currently, additional checks for compliance with penalties and expect a “clear picture” about the possible regulating of the Russian Federation against Ukraine. The company emphasized that they could resume purchases if the United States weakens or cancel penalties.
Chinese companies have temporarily refused to retrieve from suppliers who have fallen under new restrictions, considering possible ways to avoid them.
According to analysts KplerRussian oil supplies in China in February were reduced to 969 thousand barrels per day – the minimum level since December 2022.
As you know, US president Donald Trump called Saudi Arabia and OPEC to reduce oil prices. In his opinion, it will help to quickly end the Russian war against Ukraine.
Ukraine recommends set the maximum price for Russian oil for $ 30 per barrel.
Oil price fell to the lowest level from 2021
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.