China is now looking to Russia to quench its insatiable thirst for oil and gas while it considers relinquishing ties to U.S. oil and gas producers. There is now a glut of oil and gas and China is free to buy it from whomever it chooses. (AP Photo/Eric Gay, File) ASSOCIATED PRESSWhile the United States has seen its oil exports to China plummet, Russia has seen its spike. “You would be hard-pressed to hear Russia and China talk bad about each other,” says Robert Amsterdam, an international litigator and host of the Departures Podcast. But if the current camaraderie between China and Russia is founded on oil and gas, it may not last.

Source: Forbes October 04, 2020 22:00 UTC