China Boosts Russian Oil Imports by 50% as India Reduces Purchases
China's intake reached 2.09 million barrels per day in mid-February, reversing India's retreat from Russian oil supply chains.
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Terms & Concepts
- Barrel per day (bpd): A unit measuring oil production or consumption, indicating the number of barrels produced or used each day.
- Russian oil imports: Oil purchased from Russia, often transported via sea or pipeline, forming a key part of global energy trade.
- Energy trade flows: Patterns of international buying and selling of energy commodities, such as oil, gas, and coal.