Major oil traders have shunned Russian oil after the invasion of Ukraine, paving the way for under-the-radar firms to provide transport, Bloomberg reported.
BEIJING: China stocks rose on Wednesday as investors took comfort in signs of lower domestic COVID-19 infections, while US President Joe Biden’s decision to consider eliminating Trump-era tariffs on Beijing further stoked risk appetite. The CSI300 index was up 2 percent at 4,000.00 points, by the end of the morning session, while the Shanghai Composite Index gained 1.6 percent
China’s Shandong Port International Trade Group, a provincial government backed commodities and oil trader, has secured a rare shipment of Russian crude oil for arrival into east China this month, according to traders and a company statement. This marks the first such deal under which a Chinese firm other than Beijing’s national oil giants has .
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