Market Chatter: US Sanctions Freeze China's Russian Oil Buys

MT Newswires Live

Oct 24

China's state oil giants PetroChina (SHA:601857, HKG:0857), Sinopec (SHA:600028, HKG:0386), CNOOC (HKG:0883, SHA:600938), and Zhenhua Oil halted purchases of seaborne Russian crude, Reuters reported Friday, citing various sources.

The decision was made amid concerns over sanctions the U.S. imposed on two of Moscow's biggest oil companies, according to the report.

The U.S. blacklisted Rosneft and Lukoil, citing Moscow's "lack of serious commitment to a peace process to end the war in Ukraine."

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"80883","symbol_name":"中国海洋石油-R","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2577518633","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2577518633","pubTimestamp":1761305107,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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