Tankers With Russian Oil Build Off China as India Pulls Back
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Photographer: Dmitry Beliakov/BloombergA fleet of tankers laden with Russia’s flagship Urals oil has expanded off China’s east coast after India — the biggest buyer of the grade — curbed purchases following Western sanctions.At least five vessels carrying about 3.4 million barrels were idling in the Yellow Sea as of Wednesday, double the volume of last week and the highest level for the grade in that region in more than five years, according to Kpler. The area is close to Shandong province, a hub for independent oil refiners.