China has held off on buying Russian oil - awaiting the price cap to get it even cheaper

Overnight info slipping in ICYMI:

  • China has paused some purchases of Russian crude oil
  • China is sitting on its hands as it hangs off on buying to see if the G7 price cap will give bigger discounts

Not silly. Chatter of India and others doing much the same.

smart guy meme 03 November 2022
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