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03:43
Russia plans to transfer crude oil to India to fill the supply gap from the Middle East.
1. Industry insiders revealed that Russia is ready to redirect oil to India to fill the gap caused by Middle Eastern supply disruptions. Currently, oil tankers carrying about 9.5 million barrels of Russian crude are located in waters near India and can arrive within weeks, quickly easing supply conditions for local refineries. Russia is also prepared to supply liquefied natural gas to India, after Qatar, the main supplier, suspended production due to conflict. 2. India is vulnerable to supply shocks, with crude oil inventories sufficient for only about 25 days of demand. About 40% of India's crude oil imports pass through the Strait of Hormuz, and the near closure of this route has forced India to seek alternatives. Government sources said they are looking for alternative supply channels to cope with a situation where the Middle East conflict lasts more than 10-15 days. 3. Industry sources said Russia is ready to help India meet 40% of its crude oil demand. The Indian Ministry of External Affairs, Ministry of Petroleum, and the Russian Embassy in New Delhi did not immediately respond to requests for comment. An Indian source said a few days before the outbreak of hostilities that Indian companies had not been instructed not to purchase Russian oil.
03:40
Coincoin's top real trading profit account goes long $30.31 million in ETH and BTC
Odaily reported that Ai Aunt posted on X platform, stating that the coin trading account with the highest real profit, "Old Demon," is currently going long with ETH and BTC worth $30.31 million. ETH: 10x leverage long position with 7,500 coins, valued at $15.83 million, average opening price $2,050.71, unrealized profit $462,000. BTC: 10x leverage long position with 200 coins, valued at $14.48 million, average opening price $73,080, unrealized loss $122,000. Since December 20, 2024, cumulative profit has reached $86.6 million, historical win rate 50%, total return rate 3,698%.
03:36
Offshore RMB interbank lending rates mostly declined, with the one-year rate hitting a more than six-month low.
Golden Ten Data reported on March 5th that the offshore RMB Hong Kong Interbank Offered Rate (CNH HIBOR) on Thursday showed that most major term rates declined; among them, the one-year HIBOR slightly dropped to 1.85273%, hitting a new low since August 28, 2025. The overnight HIBOR fell by 11 basis points to 1.26515%, reaching a new low since February 23; the one-week HIBOR dropped by 7 basis points to 1.43606%, touching the lowest level since February 24; the two-week HIBOR fell by 7 basis points to 1.46849%, marking the lowest point since August 1, 2025. Click the link to view historical data>>
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