Sanctioned Russia becomes China’s main source of oil
Customs data showed Monday that China ramped up crude oil imports from Russia in May, helping to offset Russia’s losses from western nations’ sanctions. Sanctions
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Oil has been the world’s most important source of energy since mid-1950s. Its products underpin modern society, supplying energy to power industry, heat homes, fuels for vehicles and various means of transportation to carry goods and people all over the world.
For this reason, it is important we stay informed on one of our high-priced goods to ensure our resources are safe and secured.