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Fuelled friendship? Russia becomes China’s biggest oil supplier

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With fuel prices sky high, it isn’t just motorists who are filling-up when they catch a good deal

Russia has become China’s biggest supplier of oil.

This comes as the country sold discounted crude to Beijing amid sanctions over the Ukraine war.

Imports of Russian oil rose by over half from a year earlier to a record level this May,

This has pushed off Saudi Arabia as China’s biggest provider.

China has ramped up purchases of Russian oil despite demand dampened by Covid curbs and a slowing economy.

China and Russia declared their friendship had “no limits” back in Feb… and so chinese companies have ramped up their purchases of Russian crude in recent months after being offered heavy discounts

Just last month, imports into china totalled over 8.4 million tonnes

This comes as buyers in Europe and the U-S shunned Russian energy in line with sanctions over its war on Ukraine.

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Money

Six strategies to build a six-figure property portfolio

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Achieve your dream retirement with these key property investment approaches

Investment Insights is an informative and inspiring interview-style show that dives into the world of money management and wealth creation, making complex financial concepts accessible to all.

Hosted by the Founder of The Investor’s WayAndrew Woodward.

In this episode, Andrew is joined by Moxin Reza, Director of Invest0r Partner Group.

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Money

Experts reveal how to spot investment-grade properties

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Crucial tips for choosing the right property to secure long-term financial success

Investment Insights is an informative and inspiring interview-style show that dives into the world of money management and wealth creation, making complex financial concepts accessible to all.

Hosted by the Founder of The Investor’s WayAndrew Woodward.

In this episode, Andrew is joined by Moxin Reza, Director of Investor Partner Group.

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Money

Tricks of the trade: how to navigate market volatility with confidence

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Strategies to manage risk and seize opportunities in uncertain times

Investment Insights is an informative and inspiring interview-style show that dives into the world of money management and wealth creation, making complex financial concepts accessible to all.

Hosted by the Founder of The Investor’s WayAndrew Woodward.

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