Glut-Haunted Oil Markets Get Lifeline From India, China Buying

Global oil markets may be dominated by concerns about a glut, but producers have found some support in buying from China and India, spurred by a wave of US sanctions...

By Yongchang Chin · Bloomberg Markets

Global oil markets may be dominated by concerns about a glut, but producers have found some support in buying from China and India, spurred by a wave of US sanctions on Russian energy.