Reported about 8 hours ago
US sanctions against Russia's major oil companies, including Rosneft and Lukoil, are creating significant tensions within China's oil sector, which relies heavily on Russian crude imports. China imports about 2 million barrels of Russian oil daily, critical for producing various products. The sanctions pose risks for both Chinese and Indian refiners, as they could face penalties for dealing with the blacklisted firms while also risking disruption in their oil supplies if they comply.
Source: YAHOO