Saudi Arabia is China's top crude supplier again as Russian oil falls 9per cent

BEIJING : Saudi Arabia regained the spot as China's top crude supplier in the first two months of 2022, having been leapfrogged by Russia in December, while Russian shipments dropped 9per cent as a cut in import quotas led independent refiners to scale back purchases.

Imports from Russia totalled 12.67 million tonnes in the two months, or 1.57 million bpd. That compares to 1.72 million bpd in the corresponding 2021 period. The government also cut its first batch of 2022 crude import allowances to teapots, aiming to eliminate inefficient refining capacity.

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