Bloomberg reports that China ’s large -scale purchase of Russian oil after the purchase reduction has affected African and South American oil producers.
Bloomberg News reported on Wednesday (February 22), quoting data reports by the analysis agency, Africa Angola is one of the countries with the largest degree of influence.Compared with 27%.Export volume from Venezuela, Nigeria and Britain also declined.
It is reported that the common point of these countries is that their crude oil is sold in the spot market in one -time sales, which can easily cause buyers to turn to other levels of crude oil with the price fluctuations.Saudi Arabia, which mainly depends on long -term contracts, remains stable.
Kpler's chief crude oil analyst Viktor Katona believes that West African oil exports are most likely to be replaced by more Russian Ural grade, and Brazil may also start to be affected greaterly.
KPler's data also shows that the total amount of oil imported from the United Eam and the United Arab Emirates has increased year -on -year.These two countries mainly sell oil through long -term contracts.
