Saudi Arabia was the top supplier of crude to China in...

Saudi Arabia topped the list of suppliers of crude to China last September, surpassing Russia, according to data from the Chinese Customs Administration yesterday.
According to “Reuters”, imports from the Kingdom amounted to 7.78 million tons, equivalent to 1.89 million barrels per day, up from 1.24 million barrels per day in August.
Brazil jumped to third place among the largest exporters of crude oil to China in September, as independent Chinese refiners bought cheap supplies of the relatively high-quality oil supplied by the South American country.
Oil imports from Brazil reached 4.49 million tons, up from 2.96 million tons a year ago, according to customs data, as Brazil advanced Iraq, which fell to fifth place. Chinese imports in the first nine months of this year amounted to 33.69 million tons, up 15.6 compared to a year ago, according to Reuters calculations based on the data.
Brazil’s Petrobras said in July that China accounts for 70 percent of Brazil’s oil exports. Russia ranked second after it exported to China 7.48 million tons of crude last month, or 1.82 million barrels per day, an increase of 18.6 percent from a year ago and 32.8 percent from August.
Imports from the United States jumped to 3.9 million tons in September, compared to 517,982 tons a year ago, and the general volume of US oil supplies to China in January 2020 was only 0.4 percent, but this indicator rose until mid-September. (September) last to the level of 7 per cent.
And China agreed in January to buy from the United States until the end of 2021 quantities of liquefied natural gas and oil for 52.4 billion dollars.
However, China is still far from reaching this level, and the current increase in its US energy purchases represents a gradual return to the size that the two countries were before the outbreak of the trade war between them previously.
China’s imports increased 13 percent in the first nine months, as refiners boosted their production to keep pace with the rapid recovery of demand following the pandemic and the build-up of cheap oil stocks at unprecedented rates.
Data from the Chinese Bureau of National Statistics showed last Monday, that China’s crude oil production rose 2.4 percent, year on year in September, to 16.1 million tons, while natural gas production increased 7.6 percent from a year ago, according to what was published. Reuters. Crude oil production grew 1.7 percent year-on-year in the first nine months to 146.25 million tons.

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