UPDATE 1-Saudi still China's top oil supplier in Sept

  • update 2-russia seals position as top crude oil supplier to china
  • update 2-russia seals position as top crude oil supplier to china
  • update 2-russia seals position as top crude oil supplier to china
  • update 2-russia seals position as top crude oil supplier to china

Russia seals position as top crude oil supplier to China

UPDATE 1-Russia holds spot as China's top oil

UPDATE 1-Russia remains China's top oil supplier

Commodity & Energy Price Benchmarks Argus Media

  • How much crude oil did Russia ship to China in 2023?
  • The volume of Russian crude shipped to China jumped 24% in 2023 to 107.02 million metric tons, compared to 2022, according to data released by China’s General Administration of Customs on Saturday. That helped Russia overtake Saudi Arabia as China’s largest crude oil supplier for the year.
  • Why did China's Crude oil imports drop 1% in 2024?
  • China's crude oil imports from top supplier Russia were up 1% in 2024 to a record high versus 2023, while purchases from Saudi Arabia dropped 9%, data showed on Monday, as refiners chased discounted Russian supplies to cope with weakened margins.
  • Is Russian crude heading to China?
  • A Reuters report showed that Petro-Logistics, which monitors oil production and is a leading provider of cargo tracking data and trade flow intelligence, is seeing more Russian crude heading to China.
  • Where are China's Top 15 crude oil suppliers?
  • The leading decliners among China’s top 15 sources of crude oil were mainly suppliers in the Middle East: Kuwait (down -35.5% from 2022), Angola (down -18.5%), Saudi Arabia (down -16.7%), United Arab Emirates (down -14.8%), Oman (down -14.7%) and Iraq (down -10%).
  • Who is China's largest oil supplier in 2023?
  • CNN’s Juliana Liu and Simone McCarthy contributed to the article. Russia surpassed Saudi Arabia to become China’s largest oil supplier in 2023, according to the latest Chinese customs data.
  • How much did China spend on Russian crude last year?
  • China’s total spending on Russian crude reached $60.64 billion last year. That translates to an average import price of $566.64 per metric ton, according to CNN’s calculation. This was about 10% cheaper than the average price it paid for Saudi crude, which was $626.86 per metric ton. Russia’s oil discounts have helped China reduce its energy bills.