Geopolitical tensions affect the global oil market. Russian oil exports fell by 260 thousand barrels per day in May (2023). China and India account for no less than 56% of all Russian exports. Chinese crude oil imports reached 11.4 million barrels per day. The Russian oil market has been greatly affected by geopolitical tensions and economic sanctions. Velina Tchakarova covers the most recent developments regarding Russian oil and markets for Attaqa.
