Russia overtook Saudi Arabia to be China’s top oil supplier in the first two months of 2023, according to Chinese government data, as buyers snapped up sanctioned Russian oil at steep discounts, Report informs, citing Reuters.
Arrivals from Russia totaled 15.68 million tons in January-February, or 1.94 million barrels per day (bpd), up 23.8 percent from 1.57 million bpd in the corresponding 2022 period, data from the General Administration of Customs showed on Monday.
Imports of Saudi crude totaled 13.92 million tons in the two-month period, equivalent to 1.72 million bpd, down from 1.81 million bpd a year earlier.
Saudi Arabia was China’s top supplier in 2022, selling 87.49 million tons of crude during the year, equivalent to 1.75 million bpd.
