China And The West Both Want To Keep Kazakh Oil Flowing ...Middle East

Since its invasion of Ukraine, Moscow has twice blocked Kazakh oil exports crossing its territory. Is this revenge for Kazakhstan’s refusal to endorse the war? An attempt to push up the value of its own crude? Either way, Beijing does not like it. The Chinese government has signaled that it will not accept Russian meddling in Kazakh oil exports, quietly rebuking Moscow for the blockades. Kazakhstan pumps just under 2 million barrels per day (bpd), about 2 percent of global oil production. Almost 80 percent is exported to world markets via…

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