Russia is China’s top oil supplier for third month in July: Report
Russia is China’s top oil supplier for a third month in July, media reports said citing data released by the Chinese General Administration of Customs on Saturday.
This comes as independent refiners stepped up purchases of discounted supplies while cutting shipments from rival suppliers such as Angola and Brazil.
According to The News International, 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 7.15 million tonnes, up 7.6 percent from a year ago.
Still, Russian supplies in July, equivalent to about 1.68 million barrels per day (bpd), were below May’s record of close to 2 million bpd. China is Russia’s largest oil buyer.
