> According to industry reports, Chinese and other Asian buyers are not yet considering new Russian crude oil purchases. Like the rest of the world, China is ev

> According to industry reports, Chinese and other Asian buyers are not yet considering new Russian crude oil purchases. Like the rest of the world, China is evaluating its exposure to Russia in the aftermath of global condemnation of the Ukrainian invasion. They’re approaching the newly-sanctioned Russia with a degree of conservatism. As of today, it is not eager to deepen commercial linkages to Russian crude. Is this actually the case? If buyers in China and India don't need the oil today, wouldn't they be waiting until the seller is more desperate and they can purchase at a bigger discount? They would only be buying now if their stocks are low or if they think their negotiating power will be weaker tomorrow.