Russia And China Ink Huge Oil Deals As Ukraine Tensions Soar

At around the same time as Russian President, Vladimir Putin, had his first in-person meeting with his Chinese counterpart, Xi Jinping, for nearly two years – at the opening of the Winter Olympics ceremony in Beijing – and reiterated that there is ‘no limit’ to how far Russian and Chinese friendship may go, a slew of huge new cooperation deals in the oil and gas sectors and beyond were being announced by state news agencies on both sides. As analyzed in-depth in my new book on the global oil markets, the two countries have…