Chinese Oil Buyers Reduce Russian Purchases
By Irina Slav - Nov 03, 2025, 2:03 AM CST Chinese refiners are canceling Russian oil cargos and adopting a wait-and-see attitude after the latest U.S. sanctions on Russia’s oil industry. Bloomberg reports, citing traders, that state-owned majors including Sinopec and PetroChina had canceled previously ordered Russian oil cargos, while…
bubmagNovember 3, 2025