Five commercial sources have reported that major Chinese state-owned oil companies have resumed searching for Russian crude oil shipments. This decision comes as Russian oil prices have fallen to multi-year lows. The sources highlight that China aims to capitalize on favorable market conditions. Previously, China had reduced purchases of Russian oil due to concerns about secondary sanctions from the West. However, economic considerations now outweigh political risks. One source noted that Chinese companies are actively seeking new opportunities for purchases. This could lead to an increase in Russian oil imports to China in the coming months.
