Russia Is China’s Top Oil Supplier for 3rd Month in July: Customs Data

Russia Is China’s Top Oil Supplier for 3rd Month in July: Customs Data
Oil and gas tanks are seen at an oil warehouse at a port in Zhuhai, China, on Oct. 22, 2018. Aly Song/Reuters
Reuters
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Russia held its spot as China’s top oil supplier for a third month in July, data showed on Saturday, as independent refiners stepped up purchases of discounted supplies while cutting shipments from rival suppliers such as Angola and Brazil.

Imports of Russian oil, including supplies pumped via the East Siberia Pacific Ocean pipeline and seaborne shipments from Russia’s European and Far Eastern ports, totaled 7.15 million tonnes, up 7.6 percent from a year ago, data from the Chinese General Administration of Customs showed.