An oil historian explains China's impact on a key Russian oil product — which is now trading far below the EU's price cap

Jan 10 2023 by Business Insider

 

Top of the morning, readers. I'm senior reporter Phil Rosen. 

While there remains plenty of hubbub around the crypto world and FTX, today I'd like to point your attention to Russian oil. 

Remember, before Vladimir Putin ordered the invasion of Ukraine, Russia was Europe's leading fuel supplier, and the world's second largest exporter of crude. 

But since then, many countries, including the US, imposed sanctions on the warring nation, with the aim of punishing Russia's economy. In December, a...

Continue Reading An oil historian explains China's impact on a key Russian oil product — which is now trading far below the EU's price cap