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On July 26, customs data showed that China’s June crude oil imports from Saudi Arabia reached an all time high of 2.17 million barrels per day (bpd). Oil exports to China from Russia and Brazil also peaked in June, with China’s crude oil imports increasing by 34.4% year on year to a record high of 12.99 million bpd.

China’s Crude Imports From Saudi Arabia Reach New Heights

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On July 26, customs data showed that China’s June crude oil imports from Saudi Arabia reached an all time high of 2.17 million barrels per day (bpd). Oil exports to China from Russia and Brazil also peaked in June, with China’s crude oil imports increasing by 34.4% year on year to a record high of 12.99 million bpd.

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