Kazakhstan and Russia have discussed increasing Russian oil transit to China to 12.5mln tonnes per year, according to Kazakstan's Kaztransoil

Kazakhstan and Russia have discussed increasing Russian oil transit to China to 12.5mln tonnes per year, according to Kazakstan's Kaztransoil.

The discussion between Kazakhstan and Russia regarding increasing oil transit to China signals a potential supply-side shift in the market. If implemented, this could bolster Russia's export capacity while potentially impacting global oil prices and demand dynamics, especially in the context of WTI and broader energy markets.