{"id":5532,"date":"2023-05-20T13:01:30","date_gmt":"2023-05-20T13:01:30","guid":{"rendered":"http:\/\/roydadnaft.ir\/English\/?p=5532"},"modified":"2023-05-20T13:04:01","modified_gmt":"2023-05-20T13:04:01","slug":"chinas-russian-oil-imports-rise-in-april-but-saudi-is-top-supplier","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/5532\/","title":{"rendered":"China’s Russian oil imports rise in April but Saudi is top supplier"},"content":{"rendered":"
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China’s crude oil imports from Russia rose 8.6% in April from a year earlier, as larger private refiners also embarked on purchases of the discounted fuel.<\/p>\n\n\n\n

Arrivals from Russia – including seaborne shipments and supplies via pipelines – totalled 7.1 million tonnes or 1.73 million barrels per day (bpd), according to customs data released on Saturday.<\/p>\n\n\n\n

Large private\u00a0integrated\u00a0refiners have joined smaller independent plants in snapping up lower-priced Russian oil, both the ESPO blend loaded from Russia’s Far East and Urals from European ports.<\/p>\n\n\n\n

The April arrivals were well below the record of 2.26 million bpd reached in March however. China’s overall crude oil imports last month posted a 16% decline from March.<\/p>\n\n\n\n

Imports of Saudi oil – mostly consumed by state refiners and mega private plants – totalled 8.46 million tonnes or 2.06 million bpd, the data showed, slightly down from March’s 2.1 million bpd and compared with 2.17 million bpd a year earlier.<\/p>\n\n\n\n

Year-to-date imports from Russia rose 26.5% to 32.4 million tonnes, outpacing second-ranked Saudi Arabian imports which grew 2.9% to 31.28 million tonnes.<\/p>\n\n\n\n

Imports from Malaysia remained elevated at 4.09 million tonnes, not far off March’s 4.56 million tonnes and sharply higher than the 2.165 million tonnes in April of 2022.<\/p>\n\n\n\n

To circumvent U.S. sanctions, traders have in the past three years been rebranding Iranian and Venezuelan oil as sourced from Malaysia, Oman or the United Arab Emirates.<\/p>\n\n\n\n

China reported zero imports from Iran or Venezuela.<\/p>\n\n\n\n

Below lists the details of imports from key suppliers, with volumes in million metric tonnes and percentage calculations by Reuters:<\/p>\n\n\n\n

<\/td>April 2023<\/td>y\/y pct change<\/td>Jan-April 2023<\/td>y\/r pct change<\/td><\/tr>
Saudi Arabia<\/td>8.46<\/td>-5.3%<\/td>31.28<\/td>2.9%<\/td><\/tr>
Russia<\/td>7.12<\/td>8.6%<\/td>32.40<\/td>26.5%<\/td><\/tr>
Iraq<\/td>4.72<\/td>15.3%<\/td>20.42<\/td>8.3%<\/td><\/tr>
Angola<\/td>1.97<\/td>-29.1%<\/td>8.22<\/td>-29.7%<\/td><\/tr>
Brazil<\/td>1.97<\/td>-19.3%<\/td>11.87<\/td>35.0%<\/td><\/tr>
United States<\/td>0.94<\/td>25.8%<\/td>3.50<\/td>7.0%<\/td><\/tr>
Malaysia<\/td>4.09<\/td>88.8%<\/td>13.92<\/td>123.4%<\/td><\/tr>
Iran<\/td>0.00<\/td>0%<\/td>0.00<\/td>0%<\/td><\/tr>
Venezuela<\/td>0.00<\/td>0%<\/td>0.00<\/td>0%<\/td><\/tr>
Oman<\/td>3.54<\/td>19.1%<\/td>13.29<\/td>-11.3%<\/td><\/tr>
UAE<\/td>2.88<\/td>-7.1%<\/td>13.17<\/td>7.8%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

(tonne = 7.3 barrels for crude conversion)<\/p>\n

Updated on