Russia Signed Oil Deal with China, Leaving Europe to Pay High Cost

Crude oil prices steadied and moved with a firmer tone ahead of US opens, although the Russia-Crimea crisis is prone to reshape the global oil politics. While the US has approved a new plan facilitating gas exports to European countries, Russia has reached a deal with China, agreeing to send more than US$350B worth of crude in coming years to the world’s second largest economy.

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Russia Signed Oil Deal with China, Leaving Europe to Pay High Cost