Russia has become Chinas largest crude oil supply for two consecutive months

(Beijing News) Russia has become the largest source of monthly crude oil imports in China in May and June, and the average monthly price of crude oil imports in the country is significantly lower than Saudi Arabia.

According to Caixin.com, the latest data from the General Administration of Customs of China shows that China imported 7.286 million tons of crude oil from Russia in June, about 1.78 million barrels per day, an increase of 9.5%year -on -year.84.19 million tons.About 1.991 million barrels per day, an increase of 54.8%year -on -year.

It is reported that under normal circumstances, the price of imports from Russia and Saudi crude oil is not much different, but since April of Russia and Ukraine's conflict, the monthly import price difference between the two countries has been widening.In June of this year, the average price of Russian oil imported in China was $ 94.6 per barrel (below, about S $ 131.28), which was 18.8%lower than Saudi Arabia's $ 116.6 US dollars per barrel.The price was $ 94.7 per barrel, US $ 99.9, which was 14.3%and 9.2%lower than Saudi Arabia.

But in terms of total imports in the first half of the year, Saudi Arabia is still the largest imported country in China.According to data from the General Administration of Customs of China, in the first half of the year, China ’s imported crude oil was 253 million tons, a year -on -year decrease of 3.1%; the total amount reached 181 billion US dollars, a year -on -year increase of 54%;The year -on -year increased by 57%.

From the beginning of the year to the present, China ’s total imports from Russia were 41.32 million tons, an increase of about 4%year -on -year, accounting for 16.4%of the total imports;, Still account for 17.1%of the total imports.

Over the years, Saudi Arabia and Russia are the top two sources of imported oil imports in China, and most of the time they live in Saudi Arabia.Since 2015, Russia has only become the largest source of monthly crude oil imports in China several times.

According to the analysis of the Grand Commodity Information Agency, the international oil price continued to maintain a high -level operation in May, but Russia has a great advantage in the sanctions from Western countries, which has attracted Chinese crude oil importersAt the same time, the overall import price was lowered.

However, in June, due to the recovery of downstream terminal fuel demand, it was still less than expected. The total imports of crude oil in China fell to the low point since this year, only 35.82 million tons, a year -on -year decrease of 10.6%, and a 22%decrease from the previous month.

China ’s crude oil import sources are relatively diverse. Except for Saudi Arabia and Russia, China’ s crude oil imports from Iraq, Angola, Brazil, and the United States in the first half of the year accounted for 10.5%, 6.8%, 5.1%, and 1.7%, respectively.