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Covering for "allied" production cuts to evade sanctions? In November, Saudi Arabia became the largest buyer of Russian Crude Oil Product.
Since the European Union's ban on Russian oil took full effect in February last year, countries in Asia have become the largest buyers of Russian fuel oil and VGO. However, think tank data shows that in November, India's imports of Russian Crude Oil Product decreased significantly by 55% month-on-month, reaching the lowest level since June 2022.
BP PLC ADR Rises Tuesday, Still Underperforms Market
Oil Prices Stuck Between Geopolitical Worries and Expectations for Surplus
Midday Crude Oil Analysis: China's Crude Oil Product import volume has reached a record high, what kind of changes will the Global oil market face?
According to the latest customs statistics, China's Crude Oil Product imports reached a 15-month high in November, after which Brent Crude Oil Futures traded in Asia's early morning in......
Oil Prices Decline Amid Surplus Concerns a Dollar Strength
Crude Oil Product: WTI decreased ahead of the holiday as the dollar strengthened and a key Russian oil pipeline resumed supply.
Crude Oil Product slightly declined in light trading before the holiday due to a stronger dollar, along with the resumption of supplies from the Druzhba pipeline in Russia.