Chinese Oil Giants Return to Russian Crude After U.S. Sanctions Waiver

Chinese Oil Giants Return to Russian Crude After U.S. Sanctions Waiver

Chinese state oil giants are back scouring the market for Russian crude, four months after halting purchases due to the U.S. sanctions on Rosneft and Lukoil, as China aims to offset losses of supply stuck in the Strait of Hormuz.  The U.S. last week issued a …

The United States is moving… Escalating conflicts involving Iran and… By Tsvetana Paraskova - Mar 17, 2026, 9:30 AM CDTChinese state oil giants are back scouring the market for Russian crude, four … [+2230 chars]
Chinese Oil Giants Return to Russian Crude After U.S. Sanctions Waiver - FHMnews