Russia’s crude oil and LNG exports to Asia are on track to see only small declines this year compared to 2023 as major buyers in Asia continue to buy Russian energy commodities that are either banned or under restrictions in the West. The Western sanctions on Russia haven’t been felt too much in Asia, where China continues to import oil and gas at prices it sees fit, regardless of what Beijing dismisses as unilateral U.S. sanctions. This year, Asia is set to import about 3.22 million barrels per day (bpd) of crude from Russia, which…
Russian Crude and LNG Exports to Asia Set for Small Drop in 2024
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