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China Boosts Urals Crude Imports Amid Indian Decline

8/20/2025

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Summary

Story summary

Chinese refiners are boosting Urals crude purchases due to discounted shipments originally meant for India.
In August, Urals shipments to China reached nearly 75,000 barrels per day, almost double the average for the year.
China has arranged 10 to 15 cargoes for October and November, with potential for more if prices stay low.
Indian imports have decreased significantly to approximately 400,000 barrels per day this month.

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Story summary

Chinese refiners are boosting Urals crude purchases due to discounted shipments originally meant for India.
In August, Urals shipments to China reached nearly 75,000 barrels per day, almost double the average for the year.
China has arranged 10 to 15 cargoes for October and November, with potential for more if prices stay low.
Indian imports have decreased significantly to approximately 400,000 barrels per day this month.