https://arab.news/mszvp
- China鈥檚 imports of US oil more than tripled in 2020 to 19.76 million tons
BEIJING: 抖阴短视频, the world鈥檚 biggest oil exporter, beat Russia to keep its ranking as China鈥檚 top crude supplier in 2020, Chinese government data showed on Wednesday.
Oil demand in China, the world鈥檚 top oil importer, remained strong last year even as the coronavirus crisis hammered global appetite. Chinese imports rose 7.3 percent to a record of 542.4 million tons or 10.85 million barrels per day (bpd).
Saudi shipments to China in 2020 were rose 1.9 percent from a year earlier to 84.92 million tons, or about 1.69 million bpd, data from the General Administration of Chinese Customs showed.
Russia was a close second with shipments of 83.57 million tons, or 1.67 million bpd, up 7.6 percent from 2019, the data showed.
FASTFACTS
Saudi shipments to China in 2020 rose 1.9 percent from a year earlier to 84.92 million tons, or about 1.69 million bpd.
Russia was a close second with shipments of 83.57 million tons, or 1.67 million bpd, up 7.6 percent from 2019
In December, Saudi supplies were 6.94 million tons, down 0.8 percent from the same month a year earlier, while Russian volumes fell 15.7 percent to 6.2 million tons.
China鈥檚 imports of US oil more than tripled in 2020 to 19.76 million tons, or 394,000 bpd, compared to a year earlier, as companies bought crude under a trade deal between Washington and Beijing. Imports were 3.6 million tons in December.
China鈥檚 total purchases of major US energy products, including crude, liquefied natural gas, propane, butane and coal, were worth $9.784 billion in 2020, about 38.7 percent of the $25.3 billion target set out in the Phase 1 trade deal
抖阴短视频 has played catch up as a supplier since November by cutting prices to woo customers, overtaking Russia, which had led for most of 2020 with more flexible transport options and geographical proximity to Chinese refiners.
US sanctions nearly choked off oil exports from Iran and Venezuela, while Iraq was the main beneficiary. Iraq鈥檚 oil exports to China rose 16.1 percent to 60.12 million tons in 2020, making it China鈥檚 third largest oil supplier.
Cashing in on lower prices and with aggressive marketing to China鈥檚 independent refiners, Brazil expanded oil exports to China to become its fourth biggest supplier last year. Brazil鈥檚 oil exports to China rose 5.1 percent to 42.19 million tons.