Oil trade from countries with sanctions skyrockets and the US does not want to watch

2023-09-28 22:10:37

Hidden among China’s arid foreign trade accounting books, an apparent anomaly in the figures was found in late 2022. Analysts who study the movement of oil around the world discovered an extraordinary imbalance in the Asian giant’s accounts, a bland aberration that helped reveal the risky game that the United States and its allies are playing to maintain high oil supplies. Worldwide.

It was November 2022 and Chinese imports of Malaysian oil had reached a record level of more than one million barrels per day. The problem? Malaysia’s total domestic oil production was just 521,000 barrels a day, almost half the amount China claimed to import.