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China Pulls in Sanctioned Barrels via Malaysia at Record Pace

OIL

China crude imports from Malaysia were at ~1.35mbpd in May, while Malaysia's crude production stands at ~0.5mbpda.

  • Flows via Malaysia into China are being used to try and disguise the origin of sanctioned barrels from Russia, Iran and Venezuela.
  • source: General Administartion of Customs Data



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