The trade in sanctioned oil is booming as the US turns a blind eye https://ift.tt/bMre93s Jonathan Yerushalmy Analysts say that the rise in the movement of oil in contravention of western sanctions is often happening with the full knowledge of the US government Hidden within the bone dry ledgers of China’s international trade reports, an apparent anomaly revealed itself in late 2022. Analysts examining the movement of oil around the world located an extraordinary imbalance in the country’s accounts; a bland aberration that helped to reveal the risky game being played by the US and its allies to maintain a high supply of oil around the world. It was November 2022 and Chinese imports of Malaysian oil had reached a record high of more than one million barrels a day. The problem? Malaysia’s total national oil production was just 521,000 barrels a day, almost half of the amount China claimed it was importing. Continue reading... https://ift.tt/1W9ZioB September 26, 2023 at 02:01AM

Analysts say that the rise in the movement of oil in contravention of western sanctions is often happening with the full knowledge of the US government

Hidden within the bone dry ledgers of China’s international trade reports, an apparent anomaly revealed itself in late 2022. Analysts examining the movement of oil around the world located an extraordinary imbalance in the country’s accounts; a bland aberration that helped to reveal the risky game being played by the US and its allies to maintain a high supply of oil around the world.

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

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from The Guardian https://ift.tt/bMre93s