China Increases Russian Oil Imports After India's Purchases Decrease

China is increasing its purchases of Russian oil, stepping in as India, a major buyer, reduces its demand.

This shift follows potential US tariffs and a change in the price discounts for Russian oil.

US officials say India is making a profit from reselling the oil and are considering imposing tariffs.

China's move could also reduce its need for more expensive oil from the Middle East, but the price differential is closing.

Despite potential sanctions, refiners find Russian oil still attractive.