China imports oil from Russia at record levels




September oil import data from China is now published on the 24th of OctOil imports from:

  • Russia — +60.5% aa to 1.545 million bpd
  • WE — +250% aa to 120,850 tpl
  • Angola — +11.5% aa 1.14 million bpd
  • Saudi, of +9.6% to 1.04 million bpd
  • Iran — +59.2% to 784,060 tpl
  • Oman — -25% to 608,560 bpn

Notable surge in oil imports to US, on a pro rata basis, but still well below the levels of the other in real terms.

    «The oil just keep chewing away at these well»

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