A wave of fear over new Western sanctions has prompted China's largest oil refiners to halt purchases of Russian crude. State-owned giants, including Sinopec and PetroChina Co., have reportedly canceled Russian cargoes. This move comes in direct response to...
While the world's attention is on the battlefields of Ukraine, a global economic war is being waged over Russian oil. Recent moves by the West, including a lower price cap and U.S. tariffs on India, show this economic conflict...