China is Buying All of the Russian Oil, Europe Doesn’t Buy

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest
Share on whatsapp
WhatsApp
Share on telegram
Telegram

Where Ted Talks end, Truth Talks begin.
Defending democracy by defending free speech

Opinion pieces don’t necessarily reflect the position of our news site but of our Opinion writers.

China is Buying All of the Russian Oil, Europe Doesn’t Buy

The sanctions are working phenomenally.

The US has forced a massive shift in global economic power on their enemies through their lunatic war in Ukraine.

RT:

West-bound Russian oil diverted to Asia

Beijing has begun purchases of three types of Arctic crude previously destined for the EU, Bloomberg reports.

China has ramped up imports of a wider variety of Russian crude oil, including Arctic grades with a rare, dense and highly sulfurous Arco, Bloomberg reported on Tuesday, citing oil-flow tracking data from Vortexa and Kpler.

The first purchases of Arco took place in November 2022, according to traders. Data from Kpler analytics also tracked Beijing’s latest purchases of Varandey crude and a lighter variety known as Novy Port in batches.

Deliveries are scheduled for this month and for February, when an EU ban on Russian petroleum products will take effect.

Some traders believe the development illustrates a rerouting of Russian supplies internationally, as well as China’s shift away from Middle Eastern imports of oil such as Iraqi grade Basrah Heavy. The increased imports of Arctic oil come after China’s daily crude and condensate imports hit the second-highest level on record last month, according to Kpler.

“The rerouting of Arctic grades is absolutely taking place,” lead oil analyst with Vienna-based Kpler Viktor Katona said, adding that “Russia’s Arctic grades were among the Europe-oriented streams that since December 5 have to find new homes elsewhere, and in all of those cases, it’s pretty much an India and China split.”

He pointed out that before the ban on Russian oil came into force on December 5, most of Russia’s Arco used to flow to the markets in the UK and the Netherlands, while Novy Port had attracted the focus of Dutch buyers. Western sanctions prompted Russia, once Europe’s biggest supplier, to divert its energy exports to Asian markets, with China becoming the top buyer of Russian oil.

Resources:
https://www.investmentwatchblog.com/china-is-buying-all-of-the-russian-oil-europe-doesnt-buy/
https://www.rt.com/business/569644-china-russia-arctic-oil/

Opinion pieces don’t necessarily reflect the position of our news site but of our Opinion writers.

*Note We Deliberately Miss Spell Some Words or Add Capital Letters To Get Around Big Tech Censoring.

Support the ANR from as little as $8 – it only takes a minute. If you can, please consider supporting us with a regular amount each month. Thank you.

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest
Share on whatsapp
WhatsApp
Share on telegram
Telegram

Related News

Where Ted Talks end, Truth Talks begin.
Defending democracy by defending free speech

Subscribe for free to our ANR news emails and access 2 free ebooks plus Reports to share with family and friends about Covid fraud and the danger of the vaccines.

Help us help defend free speech and save democracy from the World Economic Forum planned Totalitarian Great Reset.

and help us expose the Covid Fraudsters

Leave a Reply

Your email address will not be published. Required fields are marked *

Documentary: Died Suddenly (2022)

Play Video

McIntyre Report
Political Talk Show

Episode 157

Episode 157

How you can advertise on Truthbook.social

Help us help defend free speech and save democracy from the World Economic Forum planned Totalitarian Great Reset.

and help us expose the Covid Fraudsters

Ukraine. Military Summary And Analysis 23.01.2023

Raw Report

Ryan Jackson Saw show

in USD

in AUD

in GBP

in CAD

Jamie McIntyre

ANR on

Currency Exchange Rates in AUD

Live and updated every minute of the day

Nurses Speak Out

Get our free News Emails on latest articles, alerts and solutions for both legal templates and ways to help fight back against the Globalists vax Mandates , and health resources to boost your immune system and ways to Protect from deadly EMF 5G radiation and more.

FREE E-BOOKS AND REPORTS ALSO

ANR Meme Report

with Nadine Roberts

Episode 002

21st Century Political System

Play Video

Editor's Pick

Thank you for visiting the
Australian National Review

To continue accessing more articles for free simply enter your email address

Watch Full Documentary

Download the Full PDF - THE COVID-19 FRAUD & WAR ON HUMANITY