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China imports more oil from Saudi than any other country in June

Christian Fernsby ▼ | July 26, 2020
China’s crude oil imports from Saudi Arabia rose 15% in June from a year ago.
China port
Oil imports   China port
Imports from Saudi Arabia rose to 8.88 million tonnes in June, or 2.16 million bpd, in June, according to data from the General Administration of Customs on Sunday.

Topics: China oil Saudi

That was in line with May’s volumes, but well above 1.89 million bpd during the same period last year.

The record imports follow a price war between Saudi Arabia and Russia, the world’s top oil exporters, during March and April when the coronavirus pandemic dampened demand and caused a global fuel glut.

Shipments from Russia were at 7.98 million tonnes last month, or 1.95 million barrels per day (bpd), up around 7% from 1.82 million bpd in May and 1.73 million bpd in June 2019.