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Russia replacing Brazil as one of China's main oil suppliers

Russia has become Chinas main oil supplier for the third month running during July, according to information from Hong Kong market analysts. Apparently independent refiners stepped up purchases of discounted supplies while cutting shipments from rival suppliers such as Angola and Brazil.
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Crude oil markets' roaring frenzy wanes amid weakening fundamentals

AFTER riding a bullish wave which lifted Dated Brent to US$137.64/barrel on March 8, international crude oil prices, while highly volatile, succumbed to recessionary fears and mounting inflationary pressures, amplified by the surge in global food prices, sparking macroeconomic growth concerns globally.
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