Last month, Asia surpassed Europe as the biggest consumer for the first time, and the gap will widen in May, according to Kpler.
Oil shipments from Russia to India and China have reached record levels, and Asia has become the largest buyer of Russia’s raw materials. Writes about it in Bloomberg.
The agency, citing data from analytical company Kpler, points to the record of deliveries to India and China at a time when other countries are restricting imports due to the war in Ukraine.
According to analysts, between 74 and 79 million barrels of Russian oil were in transit and in floating storage last week, and in February, before Russia’s invasion of Ukraine, 27 million barrels.
Last month, Asia surpassed Europe as the biggest consumer for the first time, and the gap will widen in May, according to Kpler.
“Some interested buyers in Asia are more motivated by the economy than the political stance. There has been a growing US interest in buying Russian oil in India, so there may be some bad risk to this trade flow, even if it is unlikely to drop significantly. now, “said Jane C., senior oil analyst at Kpler in Singapore.
Earlier it was reported that Russia managed to avoid the devastating effect of Western sanctions imposed after the start of the invasion of Ukraine, precisely due to rising prices for exported oil and gas.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.