Russia outpaces Saudi Arabia as China’s major oil supplier for 2nd month
Russia’s shipments to China rose to 1.15 million barrels/day in April from 1.104 million barrels/day in March. The country also took the lead in oil supply to China on a yearly basis, although its shipments were down by 1.9% from a year earlier.
The data showed that Angola became China’s second largest oil supplier after Russia with shipments of 1.114 million barrels/day in April, up 15% on a yearly basis.
Saudi shipments to China, however, were down to 963,000 barrels/day in April from 1.07 million barrels/day in March. They were also down by 3.9% on a yearly basis. China’s oil imports from Iraq and Iran also decreased by 14.7% and 4.5% respectively.
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