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China’s Russian Crude Oil Imports Hit Record In March

OIL

China's overall Russian crude imports, including pipeline and ships, rose to a record 9.61mn tonnes, or 2.26mbpd in March, customs data showed.

  • "China's imports of Russian Urals are on track to break March's record (in April) as more refiners start to tap on the discounted crude from Russia's Baltics," said Vortexa analyst Emma Li.
  • Around 700kbpd of Urals may reach China in April, up from 600kbpd in March, she said.
  • Four cargoes of about 740,000 barrels each of low-sulphur ESPO crude discharged at Hengli's Dalian berth in March while another two arrived in April, the Kpler data showed.

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