China Customs Data Shows Dramatic Changes in Oil Suppliers

Chinese imports of Russian crude oil slumped to below 2 million barrels per day (bpd) in April, down by 13%, while imports from Malaysia, the biggest trans-shipment hub for Iran’s oil, nearly doubled from a year earlier.  China’s imports from Russia, its single biggest supplier of crude, fell by 12.9% on the year to 1.96 million bpd in April, according to Chinese customs data in tons converted into barrels per day by Reuters.  Russian sales in China in April also declined month over month, by 5.8% from 2.08 million bpd in…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com