Asia's Shift to Russian Oil in Response to Geopolitical Strains

Asian nations buying Russian oil due to conflict and Hormuz disruptions.
Philippines imports Russian crude after energy emergency, first in five years.
India increased Russian oil imports to 1.9M barrels/day.
China adjusts crude sources from Iran.
Thailand's fuel prices rose 18% after subsidy changes.
Indonesia considers Russia and Brunei for energy reserves.
Asian nations seek U.S. sanction waiver extension.

Energy | Geopolitics | Trade

India | China | Thailand | Indonesia | Philippines

Bahlil Lahadalia

1 week ago