China’s oil imports from Russia are on track for all-time high of over 2 million barrels per day in February as India is withdrawing from Russian spot purchases and supply is now heavily discounted for Chinese independent refiners. China is set to import 2.07-2.08 million barrels per day (bpd) of oil from Russia this month, according to data from Vortexa and Kpler cited by Reuters. The figure would be a new record high and significantly higher than the 1.7 million bpd estimated imports of Russian oil to China in January. …
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