Russia increases oil exports to Asia

 

Russia has sold over 30% of its oil exports to Asia, which totals over 1.2 million barrels a day. Analysts forecast that Asian energy companies will grow, The Wall Street Journal reports.In 2012, the Asian-Pacific Region imported only a fifth of Russian oil exports.Russian oil exports to Europe dropped from 3.7 million barrels a day in 2012 to 3 million in July 2014.

 

Russia has sold over 30% of its oil exports to Asia, which totals over 1.2 million barrels a day. Analysts forecast that Asian energy companies will grow, The Wall Street Journal reports.

In 2012, the Asian-Pacific Region imported only a fifth of Russian oil exports.

Russian oil exports to Europe dropped from 3.7 million barrels a day in 2012 to 3 million in July 2014.