Tag: russian oil indian china

China, India seek new supplies as U.S. sanctions tighten grip on Russian oil

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FILE PHOTO: An aerial view shows the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia June 13, 2022. Picture taken with a drone. REUTERS/Tatiana Meel/File Photo | Photo Credit: Reuters Chinese and Indian refiners are seeking alternative fuel supplies as they adapt to severe new U.S….

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Tougher U.S. sanctions to curb Russian oil supply to China and India, says analysts

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Chinese and Indian refiners will source more oil from the Middle East, Africa and the Americas, boosting prices and freight costs, as new U.S. sanctions on Russian producers and ships curb supplies to Moscow’s top customers, traders and analysts said. The U.S. Treasury on Friday (January 10, 2025) imposed sanctions on Russian oil producers Gazprom…

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