Russia Became China’s Largest Oil Supplier in April
OREANDA-NEWS. Russia has surpassed Saudi Arabia, becoming the largest oil supplier to China in April 2020. This is evidenced from the data of the General Administration of Customs of the People’s Republic of China.
The country increased imports of Russian fuel last month by 18 %, to 7.2 million tons, or 1.75 million barrels per day. In March of the current year, this volume amounted to 1.66 million barrels per day. As for April of 2019, this figure was 1.49 million barrels per day.
Oil supplies to China from Saudi Arabia in April fell to 1.26 million barrels per day compared to 1.7 million barrels in March 2020 and 1.53 million barrels in April 2019.
The total volume of China’s oil imports in April amounted to 9.84 million barrels per day. This volume, however, is significantly lower than in April last year, when it was 10.64 million barrels per day.
From January to April 2020, Chinese oil imports grew by 1.7 % compared with the same period of the previous year.