Russia overtakes Saudi Arabia to become biggest crude exporter to China

Russia overtakes Saudi Arabia to become biggest crude exporter to China

In May China imported a record 3.92 million metric tons of crude oil from Russia, which is equivalent to 927,000 barrels per day. Russia has become Beijing’s top crude supplier for the first time since October 2005.

“Russia is using its good relationship with China to increase supplies and has now taken the top spot,” Gao Jian, an analyst at Shandong-based energy consultant SCI International told Bloomberg in a phone interview.

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