Energy · 22 views
China Rushes to Secure Russian Oil as Middle East Supply Risks Escalate
Chinese refiners have bought up all crude oil cargoes set to load from Russia’s Far East port of Kozmino in August weeks earlier than usual, traders with knowledge of the market told Bloomberg on Friday, as risks to Middle Eastern supply…
AI Summary
Chinese refiners secured all crude oil cargoes scheduled to load from Russia’s Far East port of Kozmino in August, purchasing them weeks ahead of the usual timetable. The move came after risks to Middle Eastern supply rose sharply this week, when attacks on tankers in the Red Sea disrupted shipping routes.
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