Russia-China Oil Deal Extended, Sea Routes Preferred

Russia aims to extend crude oil export deal with China, potentially increasing exports by ten years. Current exports total around 2.3 million barrels daily, with discussions to boost pipeline flows and maritime shipments. Despite challenges, sea routes have proven more adaptable for expanding trade. Russia already supplies over 20% of Chinas oil imports, with coal as another potential energy commodity for expanded trade. This shift reflects Russias reorientation of exports eastward amidst Western sanctions.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.