U.S. Just Lost Big Time | What This Means For You

Russia's exports of crude oil have now surpassed the volumes hit before its invasion of Ukraine. China and India account for roughly 90% of Russia's seaborne crude exports, Kpler data shows. With Europe largely out of the picture, the two countries are each buying 1.5 million barrels a day from Russia. Russia has been able to navigate Western sanctions well enough to push oil exports above levels reached before its war on Ukraine — and new data suggests that Moscow has China and India to thank for that. In the first quarter, Russia's seaborne crude oil exports totaled 3.5 million barrels per day versus 3.35 million barrels in the year-ago quarter, the tail end of which saw the start of Russia's war on Ukraine. China and India now account for roughly 90% of Russia's oil, with each country snapping up an average of 1.5 million barrels per day, according to commodities analytics firm Kpler,

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