A new, to be honest, very unexpected for me, round of the Covid-19 epidemic in China will now again affect the volume of purchases of Russian oil, the main buyer of which has now become India and China.
Why India and China? There are several reasons:
- for some "money does not smell"
- Russia has nowhere to put surplus oil, and China and India are cruelly dumping Russian oil, forcing Russia to sell its oil to India and China with huge discounts (40-50%).
And now China has problems that again, with a high probability, will lead to a drop in demand for oil, with huge reserves of oil purchased earlier from Russia.
Moreover, a new round of the epidemic may become the impetus that will launch destructive processes in the Chinese economy, which already has big problems.
PS In 24 hours, natural gas futures collapsed in price by about 18%
![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)