Free Trial

Russia Still Main Oil Supplier to China Despite Monthly Decline

OIL

China’s oil imports from Russia fell 17% on the month in September from the record high in August according to General Administration of Customs data. Russia remains the main supplier ahead of Saudi Arabia and Iraq while imports from US increased.

  • Russia’s crude oil supplies to China rose by 24.4% in January-September 2023 year-on-year to 79.9m tons.
  • Country breakdown for Sep vs Aug:
    • Russia 8.74m tons vs 10.54m tons
    • Saudi Arabia 6.57m tons vs 8m tons
    • Malaysia 5.21m tons vs 5.73m tons
    • Iraq 5.07m tons vs 5.37m tons
    • Brazil 3.19m tons vs 3.42m tons
    • Oman 3.41m tons vs 2.51m tons
    • UAE 2.85m tons vs 3.69m tons
    • Angola 2.11m tons vs 4.17m tons
    • Kuwait 1.53m tons vs 1.8m tons
    • US 1.07m tons vs 392k tons
  • No Iranian imports were reported last month.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.