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