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China's March crude imports from Saudi slip, Russia up 31% -customs
Reuters ^ | April 26, 2020

Posted on 04/28/2020 11:05:27 PM PDT by NorseViking

BEIJING/SINGAPORE, April 26 (Reuters) - China's March crude oil imports from top supplier Saudi Arabia fell 1.6% from a year earlier, while purchases from No.2 supplier Russia rose 31%, Reuters' calculations based on customs data showed on Sunday. China's March crude oil imports rose 4.5% year on year to 9.68 million barrels per day (bpd) as refiners stocked up on cheaper cargoes despite falling domestic fuel demand and cuts in refining rates due to the impact the COVID-19 pandemic. Shipments from Saudi Arabia were 7.21 million tonnes, or 1.7 million bpd, data from the General Administration of Customs showed.

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TOPICS: Business/Economy
KEYWORDS: china; russia

1 posted on 04/28/2020 11:05:27 PM PDT by NorseViking
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