Russian exports of discounted crude and fuel oil to China have jumped to record levels as the re\u002Dopening of the world’s biggest energy importer gathers pace…
Overall flows last month were at the highest at any point since the invasion of Ukraine a year ago and surpassed a record set in April 2020, according to data intelligence firm Kpler. Exports of fuel oil surged to an all-time high.Sign up to receive daily headline news from the Calgary SUN, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
The uptick in Chinese buying is evidence the country’s economic recovery is picking up, which should help to buoy global oil prices. The International Energy Agency last week cited China for a boost in its demand forecasts, while OPEC producer Iran is tipping Brent to rise above $100 a barrel this year.
China has dominated buying of ESPO, a grade that can be shipped quickly from Russia’s Far East, since late-2022. Private refiners have been key consumers, but traders are watching for demand from state-owned refiners such as China Petroleum & Chemical Corp., or Sinopec, as well as CNOOC Ltd.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Russian pranksters call Merkel posing as Ukraine's ex-leaderRussian pranksters posing as Ukraine's ex-President Petro Poroshenko managed to contact Angela Merkel by phone to discuss developments in Ukraine and Belarus, although the former German chancellor appeared wary during the call.
اقرأ أكثر »
Ukraine woman in iconic war photos recalls deadly Russian attack that almost blinded herPhotos of Olena Kurylo appeared around the world. Then Russia\u0027s propaganda machine kicked into action, claiming she didn’t exist.
اقرأ أكثر »
Russian defence chief keeps job thanks to Putin, despite Ukraine routsShoigu has held top jobs in Russia’s power structures continuously since the collapse of the Soviet Union in 1991, and served as emergencies minister under late president Boris Yeltsin
اقرأ أكثر »
Albertan dodges Russian rockets, scours for aid corruption in UkraineAlberta man went to Ukraine to ensure donations from his charity weren\u0027t being stolen but left impressed by Ukrainians\u0027 sacrifice.
اقرأ أكثر »
Albertan dodges Russian rockets, scours for aid corruption in UkraineAlberta man went to Ukraine to ensure donations from his charity weren\u0027t being stolen but left impressed by Ukrainians\u0027 sacrifice.
اقرأ أكثر »
U.S. Secretary of State Antony Blinken warns China’s Wang Yi against aiding Russia in UkraineMr. Blinken on Saturday warned top Chinese diplomat Wang Yi of consequences should China provide material support to Russia’s invasion of Ukraine
اقرأ أكثر »