Saudi Arabia becomes China's top crude oil supplier again as Russian imports fall









Saudi Arabia world's biggest oil supplier has beaten Russia now to keep its ranking as China's top crude oil supplier this year. While Saudi Arabia holds the position as the biggest supplier to China for the second consecutive month this year when the Russian oil trade to China was down 9% amid western sanctions.

Now Saudi Arabia's total oil exports to China from January to February stand at 14.61 million tons or 1.81 million barrels per day. While Russian oil supplies to China are down to 12.67 million tons in the same period. Now being, the third-biggest oil supplier to China Iraq has sent more than 10 million tons of oil in the first two months of 2022 as well.

[caption id="attachment_52" align="aligncenter" width="408"]Saudi Arabia becomes China's top crude oil supplier again as Russian imports fall Saudi Arabia becomes China's top crude oil supplier again as Russian imports fall[/caption]

But not just Russia and Saudi Arabia Indian oil is also reaching Chinese ports data shows that Beijing bought around 2,60,000 tons of Iranian black crude in January despite sanctions. However, no oil has been bought in February.

Trade war impact with the U.S is clearly visible at this point. Crude oil imports from the U.S to China have fallen by 45% to below 2 million tons. The U.S is placed just above Iran in the list of cool supplies to China.