Russia’s Oil Cargoes Flood to China as Tariffs Crimp India Flows

The article discusses the shift in Russia's oil exports, as its cargoes are increasingly finding their way to China while flows to India have been constrained. Key points: 1. Russia's oil exports to China have reached their highest levels since March, as Chinese refiners take advantage of discounted Russian crude. 2. In contrast, oil flows to India are nearing their lowest levels in nine months, as Indian refiners scale back purchases due to the impact of tariffs on Russian oil. 3. This shift in trade patterns reflects the changing dynamics in the global oil market, with China emerging as a significant buyer of Russian crude, while India's demand for Russian oil has been affected by the tariffs imposed. 4. The article suggests that the reallocation of Russian oil cargoes reflects the complex geopolitical and economic factors shaping the global energy landscape in the wake of the Russia-Ukraine conflict.