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Russia becomes China’s top crude oil supplier again in Sept

by ChemOrbis Editorial Team - content@chemorbis.com
  • 22/10/2015 (14:09)
According to media reports, Russia exported a record high of 4.042 million metric tons (983,590 barrels per day (bpd)) of crude oil to China in September, up 42% compared to the same month of 2014 to become the country’s top oil supplier for the second time since October 2005. The increase was attributed to higher demand from independent refineries.

Meanwhile, China’s oil imports from Saudi Arabia fell behind supplies from Russia in September for the second time this year. In May, Saudi Arabia exported 3.05 million tons of crude to China compared with Russia’s crude oil exports of 3.92 million metric tons.

Imports from Saudi Arabia declined 16.5% on the year to around 961,710 bpd due to higher selling prices for Saudi oil and planned shutdowns at several Chinese refineries. In the first nine months of the year, China’s oil imports from Russia increased 30% from a year earlier to about 810,000 bpd compared while imports from Saudi Arabia stood at 1.03 million bpd.

The data also showed that China’s crude oil imports from Iran fell 17% year over year to 416,450 bpd.
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