Chinese refiners are reducing Saudi oil orders, hinting at a shift towards Russian crude due to its competitive pricing. While China defends its Russian oil imports as legitimate, the US has pressured India with tariffs over similar purchases.

Chinese refiners are cutting Saudi oil orders in favour of cheaper Russian crude, while India faces punitive U.S. tariffs over similar imports. New geopolitical manoeuvres are reshaping global oil flows,

US President Donald Trump on Tuesday announced that he would extend the tariff suspension on China for another 90 days, while adding that US tariffs on India are a big blow to Moscow.