China, India refiners scour the world for oil as US sanctions on Russia bite

Q: How long will it take to read this news story?

The story "China, India refiners scour the world for oil as US sanctions on Russia bite" has 722 words across 25 sentences, which will take approximately 4 - 7 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "China, India refiners scour the world for oil as US sanctions on Russia bite" was covered 7 hours ago by Bangkok Post, a news publisher based in Thailand.

Q: How trustworthy is 'Bangkok Post' news outlet?

Bangkok Post is a fully independent (privately-owned) news outlet established in 1946 that covers mostly economy and business news. The outlet is headquartered in Thailand and publishes an average of 17 news stories per day. It's most recent story was published 5 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #25103953</li><li>URL: https://beamstart.com/news/china-india-refiners-scour-the-17367656702714</li></ul>

Bangkok Post 7h ago

China, India refiners scour the world for oil as US sanctions on Russia bite - Bangkok Post

Quick Summary:

SINGAPORE/NEW DELHI - Chinese and Indian refiners are scouring the globe for supplies of crude as fresh US sanctions on Russian producers and tankers curb shipments to Moscow's top customers, traders said.

The market is likely to see a growing number of middlemen marketing oil from sanctioned producers, Gazprom Neft and Surgutneftegaz, while there will be more payments in Chinese yuan via China's Cross-border Interbank Payment System (CIPS), the executive said.

Many of the tankers have been used to ship oil to India and China as Western sanctions and a price cap imposed by the Group of Seven countries in 2022 shifted trade in Russian oil from Europe to Asia.