China’s crude oil imports from Russia down 4%, Saudi down 30% as buying frenzy cools

BEIJING: Russia and Saudi Arabia remained the top two crude oil suppliers to China in October, although arrivals from both countries plummeted from September levels as Chinese refiners put a brake on crude purchases.

The two countries, which have been boosting crude exports to the economic powerhouse, are in a tight race to become China’s top supplier in 2020.