China's crude oil imports from Russia hit record high in Jan-Feb

AI Briefing

• – Chinese crude oil imports from Russia reached a record high in January and February, according to data from the Chinese customs administration.
• – The imports totaled 7.73 million tons in the two months, up 26.2% from the same period last year.
• – This is the highest level of Chinese imports of Russian crude oil since 2014, driven by China's growing energy needs and its efforts to diversify its energy sources.