Russia Is China’s Top Oil Supplier for 2nd Month, Saudi Volumes Tumble: Data

Russia Is China’s Top Oil Supplier for 2nd Month, Saudi Volumes Tumble: 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
Updated:

SINGAPORE—Russia held its spot as China’s top oil supplier for a second month in June as Chinese buyers cashed in on lower-priced supplies, slashing more costly shipments from Saudi Arabia, data showed on Wednesday.

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, totalled 7.29 million tonnes, up nearly 10 percent from a year ago, according to data from the Chinese General Administration of Customs.