China in Talks With Russia To Buy Oil For Its Strategic Reserves

China in Talks With Russia to Buy Oil for Strategic Reserves. © Reuters

Investing.com/Bloomberg: China in Talks With Russia to Buy Oil for Strategic Reserves

(Bloomberg) -- China is seeking to replenish its strategic crude stockpiles with cheap Russian oil, a sign Beijing is strengthening its energy ties with Moscow just as Europe works toward banning imports due to the war in Ukraine.

Beijing is in discussions with Moscow to buy additional supplies, according to people with knowledge of the plan who asked not to be named as the matter is private. Crude would be used to fill China’s strategic petroleum reserves, and talks are being conducted at a government level with little direct involvement from oil companies, said one person.

Oil has rallied this year following Russia’s invasion of its smaller neighbor, but the price of its own crude has tumbled as buyers step away to avoid damaging their reputation or being swept up in financial sanctions. That’s provided an opportunity for China to cheaply replenish its vast strategic reserves, which are typically tapped during times of emergencies or sudden disruptions.

Read more ....

WNU Editor: China's Covid restrictions are now being lifted, and everyone is expecting higher fuel prices as a result of this. So no surprise. China is looking for oil, and they are positioning themselves to get it at a good price from Russia. As for Russia, they are not going to say no to the Chinese and their money.

The big loser will be Europe, who will now be forced to look for alternative sources for oil from other suppliers, and probably be forced to pay for it with a premium since it will have to be shipped by oil tanker.

China in Talks With Russia To Buy Oil For Its Strategic Reserves

China in talks with Russia to buy oil for strategic reserves - Bloomberg News -- Reuters

Beijing and Moscow are in talks on an oil deal as China seeks to fill its reserves with cheap Russian crude, a report says -- Business Insider

China looks to Russia to replenish strategic oil reserves: report -- FOX News

China in talks with Russia to buy cheap oil: We are in a ‘dangerous situation,’ Gen. Punaro warns -- FOX News

from War News Updates https://ift.tt/FfaMgeJ
via IFTTT

Comments

U.S. Army Conducts Gunnery Exercise With Latest Air Defense System Sgt Stout.

U.S. Army officials confirmed that a live gunnery exercise at Fort Hood, Texas, is underway, featuring the latest-generation Sgt Stout short-range air defense system. The drills mark a significant step toward full operational integration as units across the force adapt to evolving threats from drones, rotary-wing aircraft, and low-flying munitions. It matters because Sgt. Stout enhances the Army’s ability to defend forward-deployed troops and critical infrastructure from modern aerial threats. Read full Defense News at this link ... A U.S. Army SGT Stout SHORAD air defense vehicle maneuvers into firing position during live-fire training with the 6th Battalion, 56th Air Defense Artillery Regiment at Fort Hood, Texas, on October 3, 2025. (Picture source: U.S. Department of War) Read More from World Defence News https://ift.tt/NYmsS1n via IFTTT

US-built first Saudi MMSC frigate HMS Saud launched at Fincantieri’s shipyard

According to information published by the Saudi Ministry of Defense on December 18, 2025, the first Multi-Mission Surface Combatant frigate constructed in the United States for the Royal Saudi Navy has been officially launched at Fincantieri Marinette Marine’s shipyard in Marinette, Wisconsin. The ship, designated HMS Saud with pennant number 820 and also known as Jalalat Al-Malik Saud in honor of King Saud, is the lead vessel in a four-ship program ordered under Project Tuwaiq through the U.S. Foreign Military Sales framework, a deal that defense officials have repeatedly described as a cornerstone of bilateral naval cooperation. Read more. The HMS Saud (820) has an overall length of approximately 118 meters, in some sources detailed as 118.6 meters, with a beam of 17.6 meters, a draft of about 4.3 meters, and a full-load displacement estimated at roughly 3,600 tonnes. (Picture source: Saudi MoD) Read full Defense news. from World Defence News https://ift....

Hellfire and JAGM Missiles Confirm Their Key Role in US Strike Power with New Contract

According to an announcement from the United States Department of Defense, Lockheed Martin has received a contract modification valued at $720 million for the fourth year of production of the Hellfire and Joint Air-to-Ground Missile (JAGM) systems. This award brings the total value of the agreement to approximately $1.49 billion. Work will be carried out at the company’s facilities in Ocala, Florida, with completion expected by September 30, 2028. The program is managed by the Army Contracting Command at Redstone Arsenal, Alabama, and is funded through the fiscal year 2025 missile procurement budget. Read more. The JAGM, designated AGM-179, builds on the Hellfire’s design with an improved guidance system that incorporates a multi-mode seeker combining semi-active laser and millimeter-wave radar (Picture source: US DoD) Read full Defense news. from World Defence News https://ift.tt/dvrFwSB via IFTTT

MTQ News

Search This Blog