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Friday, 25 November 2016

Russia cements leading China oil supply position | Reuters

Russia cements leading China oil supply position | Reuters:
"Russia is cementing its position as the main oil supplier to China, the world's biggest net importer and growth market for the fuel, taking over the lead from Saudi Arabia in the first 10 months of the year, customs data showed on Friday.

Russia also took the monthly lead back from Angola, which briefly had top supply spot to China in September, the data showed.

Chinese crude oil imports from Russia in October climbed 39 percent on a year earlier to 1.12 million barrels per day (bpd), making it the biggest supplier. That also left it the largest supplier over the first 10 months of the year, totaling around 1.03 million bpd in that period, customs data showed.

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