Trump said he would next try to get China to do the same as Washington intensifies efforts to cut off Moscow’s energy revenues.
India and China are the two top buyers of Russian seaborne crude exports, taking advantage of the discounted prices Russia has been forced to accept after European buyers shunned purchases and the US and the European Union imposed sanctions on Moscow for its invasion of Ukraine in February 2022.While lower distillate inventories point to stronger demand for diesel, a buildup in crude oil and gasoline stocks suggests demand in the U.S., the world’s top oil consumer, remains sluggish.
Analysts forecast that U.S. crude stockpiles rose by about 0.3 million barrels last week.
