China sees a drop in crude imports from Russia – JLC

Chinese imports of Russian crude oil have plunged by 15% year-on-year in August, market intelligence provider JLC reported.

IMAGE: The Chinese flag. Getty Images
China imported about 49.49 million mt of crude oil in August, according to JLC. Of this, roughly 7.94 million mt was imported from Russia.

The drop in Russian crude imports came as China stepped up purchases from other suppliers, including Saudi Arabia (5.98 million mt), Iraq (5.65 million mt), and Brazil (5.19 million mt).

Despite the decline, Russia continues to hold its place as China’s largest oil exporter.

Beijing did not import any crude from the US last month – the third month in a row, JLC added.

By Aparupa Mazumder

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