Imports crude oil from China
Supplier Saudi Arabia rose 38% in April from a year earlier,
Accordingly, hit the highest monthly volume since May 2020
Reuters’ calculations are based on official Chinese customs data.
Saudi shipments last month amounted to 6.93 million tons,
Equivalent to 2.17 million barrels per day (bpd), according to
Data from the Chinese General Administration of Customs.
Fat purchases, most of which are done
Compare February, March with 1.61 million bpd and 1.57
Million BPD a year ago.
Imports from Russia, the second-largest supplier, rose further
4% modest, cargo booked last month from a year ago
Before Western governments tighten sanctions on Russia
Invasion of Ukraine in late February.
Russian oil arrivals in April totaled 6.55 million tons,
Or 1.59 million bpd, the data shows, slightly higher than 1.5 million
Bpd in March and 1.53 million bpd a year ago.
China’s overall crude oil imports rose about 7% last month
In the year, the first increase in three months, though extensive
COVID-19 Lockdown reduces fuel demand and dampens refinery
Friday’s data showed zero imports from Iran in April.
However, Customs is expected to report in May next year
About 2 million barrels of oil are being imported from Iran
It was released this week at a reserve base in southern China.
Despite US sanctions on Iran, China has maintained them
Iranian oil, usually goes as supply from others
The country import level is equivalent to about 7%
China’s total crude oil imports.
Iranian oil prices are often lower than competing grades
Pressing out rival supplies from such producers from Brazil
And West Africa.
Customs reported zero imports from Venezuela as state oil
Fearing a downturn, companies dropped purchases by the end of 2019
Secondary US sanctions afoul.
Imported from Malaysia, often used as a transfer point
The last two years, for oil from Iran and Venezuela.
The year jumped 84% to 2.165 million tons, the second highest
Separately, the data also showed China’s Russian imports
Liquefied natural gas (LNG) rose 80% in April from a year earlier
Earlier it was 462,975 tonnes, the highest monthly volume among the six
Month, the country’s total imports despite a sharp decline
Last month, China’s overall LNG imports fell from 34.5% to 4.35
Million tons, the slowest since March 2020 as importers
Expensive worldwide spot supply is avoided.
Below is a detailed breakdown of oil imports, including volume
Country April and / and January-April and / and
% Change% change
Saudi 8.932 38 30.4 3.5
Russia 6.551 4 25.61 -7
Iraq 4.089 -8 18.85 4
Angola 2.781 -10 11.69 -10
Brazil 2.435 -13 8.79 -25
United 0.748 -19 3.27 -43
Malaysia 2.165 84 6.23 21
Iran 0 0.26
Venezuela 0 0
Oman 2.975 16 14.98 0.1
United Arab Emirates 3.096 66 12.22 21
(Tons for crude oil conversion = 7.3 barrels)
(Reporting by Chen Aizu; Editing by Kim Kogil and Richard