🚨 BREAKING:
Major Chinese oil giants — PetroChina, Sinopec, CNOOC, and Zhenhua Oil — are reportedly suspending purchases of Russian seaborne crude due to escalating sanctions risks. ⚠️
🛢️ Impact:
This move signals growing caution among state-backed firms as Western restrictions tighten — potentially reshaping energy flows across Asia and beyond.
Analysts warn this could pressure Russian export revenues and shift more barrels toward India and smaller Asian refiners.
