2020-05-26 10:30:00
RUSSIA'S OIL FOR CHINA 1.76 MBD
PLATTS - 26 May 2020 - China's crude oil imports from Russia rose 17.7% year on year to 7.2 million mt or 1.76 million b/d in April, resulting in Russia overtaking Saudi Arabia to become the country's top supplier in the month, latest data from China's General Administration of Customs showed.
Crude imports from Norway jumped to 1.58 million mt in April from zero a year earlier, the data showed.
The increase in inflow from the two countries gave Europe a 22.3% market share of China's imports over January-April at 37.44 million mt (2.27 million b/d), up from 17.9% a year earlier.
In contrast, China's imports from Saudi Arabia, fell 18% on year to 5.16 million mt or 1.26 million b/d in April.
That decline reduced the total supply from OPEC members by 9.7% on year to 87.52 million mt (5.3 million b/d) over January-April, despite an increase in cargo arrivals from Iraq, Kuwait and UAE of 11%-54% over the same period.
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Earlier:
2020, May, 25, 12:35:00
RUSSIA'S OIL SUPPORT
Putin ordered ministers to work out “special rates” that pipeline operator Transneft PJSC and Russian Railways JSC will charge for transporting crude and petroleum products
2020, May, 18, 08:45:00
CHINA, EUROPE ACQUISITIONS
“We have to see that Chinese companies, partly with the support of state funds, are increasingly trying to buy up European companies that are cheap to acquire or that got into economic difficulties due to the coronavirus crisis,”
2020, May, 13, 12:50:00
CHINA'S ENERGY WILL DOUBLE
China generates more electricity than Europe and the USA combined and China will double again in twenty years.
2020, May, 13, 12:40:00
RUSSIA'S GAS FOR CHINA
Supplies to China continue at around 9 million cu m/d through the landmark pipeline -- the first direct link for Russian gas to reach China by pipeline.
2020, May, 12, 14:45:00
SAUDI ARABIA, KUWAIT OIL PRODUCTION DOWN
OPEC+ producers agreed to cut their overall crude oil production by 9.7 mb/d over the 1 May 2020 - 30 June 2020 period,
2020, May, 12, 14:00:00
SAUDI ARAMCO NET INCOME $16.7 BLN
In 2019, Saudi Aramco produced 13.2 mmboed, including 9.9 mmbpd of crude oil (including blended condensate and excluding the Kingdom of Bahrain’s share of volumes produced from Abu Sa’fah field).
