Saudi Arabia remains China’s top oil supplier, Malaysia’s supplies triple


By Muyu Xu and Chen Aizhu

BEIJING / SINGAPORE, August 20 (Reuters)Saudi Arabia remained China’s top crude supplier for the ninth month of July, but its crude arrivals fell 10% on the month, while Russian imports fell just 4%.

Shipments from Saudi Arabia totaled 6.69 million tonnes in July, or 1.58 million barrels per day, up from 1.75 million barrels per day in June, but were a quarter higher than July of last year, according to data from the General Administration of Customs of China.

Imports from Russia amounted to 6.64 million tonnes last month, or about 1.56 million bpd, up from 1.62 million bpd in June.

China’s total crude oil imports fell nearly 20% from a year ago last month as independent refiners face tighter import quotas amid a government crackdown on trade permits.

Imports from Malaysia tripled from the previous year to 1.18 million tonnes, from 1.17 million tonnes in June.

Oil shipments from Iran and Venezuela have been reported as coming from Malaysia after shipments were moved into Malaysian waters to avoid U.S. sanctions, according to traders and tanker tracking specialist Vortexa Analytics.

Venezuela’s heavy crude was previously transferred as a bitumen blend, but fell sharply after China began imposing taxes on the bitumen blend in June.

Official data did not record any arrivals from Iran and Venezuela.

The data also showed that imports from the United Arab Emirates fell 46% last month compared to a year ago, indicating a slowdown in purchases of Iranian oil, some of which was sold as coming from the Emirates. United Arabs.

Imports from Brazil remained subdued, at 2.43 million tonnes last month, down 47% from the previous year.

Below are details of imports from major suppliers, with volumes in metric tons.

Country

July

y / y% change

january-july

y / y% change

Saudi Arabia

6 668 546

24.4

50 436 848

-0.2

Russia

6,639,379

-ten

46 397 205

-9.6

Iraq

4,671,505

-19.3

30 768 804

-21.1

Kuwait

4,162,210

92.6

18 343 580

17.8

Oman

3,674,749

6.8

26 655 682

22.5

Angola

2 919 655

-18.9

22 856 993

-7.3

Brazil

2 434 302

-47

19,213,658

-23.3

United Arab Emirates

1 912 962

-45.9

16,200,361

-6.3

Malaysia

1 182 064

209

8,500,324

4.2

we

784,262

114

8 987 319

87.2

Iran

N / A

N / A

N / A

Venezuela

N / A

N / A

N / A

(Edited by Robert Birsel)

(([email protected]; +65 6870 3284; Reuters messaging: [email protected]))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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