With 7.78 million tons … Saudi Arabia is the top supplier of crude to China in September

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Saudi Arabia regained the top supplier list of crude suppliers to China in September after losing it to Russia over the past two months. As imports from the Kingdom amounted to 7.78 million tons, equivalent to 1.89 million barrels per day, up from 1.24 million barrels per day in August.

Today’s data showed that Brazil jumped to the third place among the largest exporters of crude oil to China in September, with independent Chinese refiners buying cheap supplies of relatively high-quality oil supplied by the South American country, according to what was published by “Reuters”.

Imports from Brazil reached 4.49 million tons, up from 2.96 million tons a year ago, according to data from the Chinese Customs Administration. Brazil led Iraq, which fell to fifth place.

Chinese imports in the first nine months of this year amounted to 33.69 million tons, up 15.6 compared to a year ago, according to Reuters calculations based on the data. Brazil’s Petrobras said in July that China accounts for 70 percent of Brazil’s oil exports.

In the first nine months, Russia held first place, with exports of 64.62 million tons, 16 percent more than a year ago. Saudi Arabia ranked second, with exports of 63.57 million tons, up 6.5 percent year-on-year.

Imports from America jumped to 3.9 million tons in September, compared to 517,982 tons a year ago. China’s imports increased 13 percent in the first nine months, as refiners boosted their production to keep pace with the rapid recovery of demand following the pandemic and the build-up of stocks of cheap oil at unprecedented rates.





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