Russia offers Ural to China's refineries to compensate for the purchases of India

The immediate supplies of Oeral, the most important ore of Russia, are offered to Chinese buyers, referring to the changes in the global oil market with President Donald Trump targeting India due to Moscow purchases. URAL DIFFERENCES are promoted to be handed over to reduced prices October, which has attracted attention to government and private refinery companies currently negotiating the consignments, according to traders directly familiar with the talks, they asked not to reveal their identity because they are not authorized to talk to the media. While China is the largest buyer of Russian oil transmitted by the sea and justice, local refining companies buy mainly, produced and transported from the eastern region of the country. China’s import of oreerts, sent from the Western Russia ports, usually do not form part of the request of ordinary refining facilities, due to the geographical dimension and high delivery costs. Earlier this week, Trump limited the screws on Russia, Trump doubled the customs duties on all imports of India as a penalty for the purchase of Russian oil, as part of the efforts to push Moscow to agree on a ceasefire in the Ukraine War. The US measure urged the government’s refined businesses in India to withdraw purchases and look for another source, which provided large quantities that could end in China. Although China is a practical alternative market for oral charges in light of the tremendous refining system, as well as the question to fill in strategic oil reserves, it has not yet been confirmed if Beijing would run the gap amid commercial tension with Washington. US Treasury Secretary Scott Besent responded to a question about the target of countries that buy energy from Moscow that the United States can also impose customs duties on China. Negotiations with potential buyers in light of this situation are negotiated with potential Chinese buyers with a price difference of about $ 1.5 a barrel for Brent ruol on the London Stock Exchange, a decrease of about $ 2.5 late last week, according to the traders. The businesses offering these shipping include trade companies related to Russia, such as “Litasco”. Shandong Yulong Petroche has a shipping of uralerts in a rare agreement last month. Traders will carefully monitor any purchases from other private refining companies- known as ‘teapots’ and their government counterparts that buy crude oil for affiliate refinement installations, and the country’s strategic reserves of oil. Jianan Sun, an analyst at Energy Aspects, wrote in a note on the seventh of August: ‘While India reduced the purchase of Russian direct crude shipping in a significant way, a number of Chinese refineries bought a few consignments to buy out. Added: “The Ural is not an essential raw for refining refineries in China, which limits the state’s interest in creating a strategic stock. We expect Chinese government companies to be careful to buy extra quantities from Russia amid commercial negotiations between the United States and China.