- China stepped up crude oil imports from both Russia and Saudi Arabia last month.
- Citing customs data from Beijing, Reuters reported that Russian oil shipments to China went up by 28 percent on the year in August, to 1.96 million barrels daily.
- On a year-to-date basis, Russian oil exports to China were 7.3 percent higher on the year while Saudi exports to Asia’s powerhouse were down by a modest 0.3 percent on the year.
China Boosts Oil Imports From Russia And Saudi Arabia
