China stops some Russian crude purchases as price cap looms

Deutschland Nachrichten Nachrichten

China stops some Russian crude purchases as price cap looms
Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen
  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

China halts some Russian crude purchases as looming oil price cap leaves buyers looking for a bigger discount

Chinese buyers have halted some purchases of Russian crude as a US-led price cap initiative looms in less than two weeks, Bloomberg reported Tuesday.

Those customers are hesitant to complete purchases because once a price cap sets in, they might be able to secure cheaper supplies, traders told Bloomberg. Now, several cargoes of Russian ESPO crude remain without buyers for December-loading. The price cap is expected to coincide with the European Union's next round of sanctions, which will ban seaborne Russian crude imports into Europe as well as related services to customers worldwide.

The cap is meant to keep Russian crude flowing through global markets and prevent a price spike while also squeezing Moscow's finances and ability to fund its war in Ukraine. Since President Vladimir Putin ordered the invasion of Ukraine in February, China and India have emerged as big buyers of Russian crude, while the US and other Western nations wean off doing business with Moscow.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

BusinessInsider /  🏆 729. in US

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Philippines and China tussle over retrieving rocket debris floating in disputed South China Sea | CNNPhilippines and China tussle over retrieving rocket debris floating in disputed South China Sea | CNNThe Philippines and China tussled on Sunday over Chinese rocket debris in the disputed South China Sea, raising tensions ahead of a scheduled visit by US Vice President Kamala Harris.
Weiterlesen »

Sonic the Hedgehog co-creator arrested for alleged insider tradingSonic the Hedgehog co-creator arrested for alleged insider tradingRenowned programmer Yuji Naka is accused of buying shares in a game company knowing it was about to release a new title.
Weiterlesen »

CNN Recruits Insider Inc.’s Alex Charalambides as CTOCNN Recruits Insider Inc.’s Alex Charalambides as CTOCNN hired Alex Charalambides, most recently chief technology officer at digital media firm Insider Inc., as its new CTO. Charalambides officially starts at CNN on Monday, Nov. 28. He reports to Pat…
Weiterlesen »

Insider: The Eagles have the team Chris Ballard's always talked about buildingInsider: The Eagles have the team Chris Ballard's always talked about buildingBallard has always talked about building teams good enough, deep enough that it's not about the quarterback. Philadelphia has done it ... twice.
Weiterlesen »

TigerIllustrated - MONDAY INSIDERTigerIllustrated - MONDAY INSIDER
Weiterlesen »

Rockets insider: Houston shows a glimpse of what it's buildingRockets insider: Houston shows a glimpse of what it's buildingJalen Green’s line that the Rockets have no losses, only wins and lessons, can be...
Weiterlesen »



Render Time: 2025-03-01 08:47:07