China’s Imports of Crude Oil Decreased by 4% From Russia And by 30% From Saudi Arabia

Russia and Saudi Arabia continued to lead suppliers of crude oil to China in October, but the quantities received from the two countries decreased compared to September levels as Chinese refineries curbed purchases of crude.

According to data from the General Administration of Customs of China today, Wednesday, imports from Russia, which include oil transported through pipelines, last month amounted to 6.64 million tons, equivalent to 1.56 million barrels per day.

Imports from Russia were 1.82 million barrels in September and 1.64 million barrels per day in October of last year, and Saudi Arabia exported 5.94 million tons, equivalent to 1.4 million barrels per day, down 29% from the same period last year.

China’s imports from the United States fell from a record of 3.9 million tons in September to 1.63 million tons, according to customs data.