China's crude oil imports from Saudi Arabia rose 15% in June from a year ago, as refiners ordered record volumes of the fuel in March and April when oil prices tumbled, cementing the kingdom's position as the top oil supplier to China.
BEIJING - China’s crude oil imports from Saudi Arabia rose 15% in June from a year ago, as refiners ordered record volumes of the fuel in March and April when oil prices tumbled, cementing the kingdom’s position as the top oil supplier to China.
Imports from Saudi Arabia rose to 8.88 million tonnes in June, or 2.16 million bpd, in June, according to data from the General Administration of Customs on Sunday. The record imports follow a price war between Saudi Arabia and Russia, the world’s top oil exporters, during March and April when the coronavirus pandemic dampened demand and caused a global fuel glut.
Saudi, however, delivered bigger oil cuts from June and raised crude prices as a plunge in oil prices weighed on the kingdom’s budget.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
In the South China Sea, America is churning waters claimed by ChinaIn April China further formalised its territorial claims in the South China Sea, but America has pushed back in a new way
Read more »
Always rocky, China-US relations appear at a turning pointFour decades after the U.S. established diplomatic ties with Communist China, the relationship between the two may have reached a turning point. China ordered the closing of the U.S. Consulate in the southwestern city of Chengdu on Friday, in rapid retaliation for the closing of its consulate in Houston
Read more »
Daily passenger flights in China rebound to 80% of pre-COVID levelsThe number of daily passenger flights in China has rebounded to 80% of pre-coronavirus levels, China's aviation regulator said on Friday, as the aviation industry recovers from the plunge in travel demand caused by the COVID-19 pandemic.
Read more »
Always rocky, China-US relations appear at a turning pointFour decades after the U.S. established diplomatic ties with Communist China, the relationship between the two is at a turning point. Tensions have reached new heights on what has always been a rocky road.
Read more »
A hit TV drama in China asks hard questions about right and wrong'The Bad Kids' is a meditation on how hard it is to be a good person in a society that is as competitive, stressful and unequal as modern China
Read more »