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Chinese doubts over growing Russian oil trade

Western sanctions have contributed to the fall in confidence in Russian oil

There are growing doubts among some in China about Russia’s ability to continue ramping up oil exports into China as Moscow struggles to maintain production in the face of Western sanctions and declining output at its ageing oilfields.  The growing oil trade has been at the centre of Russia’s energy pivot towards Asia and is driving increasingly lucrative trade ties between the countries, which is expected to surpass $100 billion this year. In 2014, Russia shipped around 665,000 barrels a day (b/d) of crude to China, making up just over 10% of China’s total imports. Russia is now China’s third largest crude supplier, just behind Saudi Arabia and Angola. Russia’s export volumes to China are

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