Russia is diverting more of its crude oil east with deliveries to China hitting a new record last month at the expense of Europe as geopolitical tensions between Moscow and the West dictate the latest shift in flows.
Ukraine's Energy Challenge
Reuters: Russian oil shift east accelerates, dictated by politics
Russia's Prime Minister Dmitry Medvedev (R) and China's Prime Minister Li Keqiang shakes hands during a signing ceremony in Moscow on October 13, 2014. Li jetted into the Russian capital on October 12 for a three-day visit aimed at bolstering economic ties between the two neighbours in a trip hailed by Beijing as a \"major event.\"
