From Nikkei Asia · · 40s
Russian crude oil prices jump on China, India demand
China and India boost Russian crude oil prices amid sanctions.
In brief
China and India boost Russian crude oil prices amid sanctions. Russian crude oil prices hit record premium over Brent due to China and India's demand despite international sanctions. Originally reported by Nikkei Asia.
Russian crude oil prices
Russian crude oil prices jump to record high premium over international benchmark Brent despite ongoing sanctions.
China and India demand
China and India's increased demand for Russian crude oil drives higher prices amid shipping cost challenges.
Shipping costs rise
Higher shipping costs push Asian buyers to seek closer Russian oil supplies to avoid international sanctions.
The headline
Russian crude oil prices hit record premium over Brent due to China and India's demand despite international sanctions.
