China imported the highest-ever volumes of Russian crude oil in March, which kept Russia on top of Chinese crude suppliers’ list ahead of Saudi Arabia, government data from China showed on Friday.
Russia's crude oil sales to China surged to its historic high in March.Saudi Arabia still trails Russia in crude oil supply to China despite a 30% increase in March compared to the previous year.
Russia beat Saudi Arabia to the top spot as the biggest supplier to China in the first quarter of 2023, too, as many Chinese refiners snapped up discounted ESPO and Urals crudes. , which was the number-one supplier of oil to China last year, according to Chinese customs data from last month.
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