Riyadh – Saudi Arabia is the world’s biggest oil supplier has beaten Russia now. In order to keep its ranking, Saudi Arabia becomes China’s top crude oil supplier this year. Well, Saudi Arabia holds the position as the biggest supplier to China for a second consecutive month this year.
This happened after the Russian oil trade to China was down 9%. I mean Western sanctions on Saudi Arabia’s total oil exports to China from January to February standard 14.61 million tonnes or 1.81 million barrels per day while rushing oil supplies to China are down to 12.67 million tonnes in the same period.
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Now being the third-biggest oil supplier to China, Iraq has sent more than 10 million tons of oil in the first two months of 2022, as well but not just Russia and Saudi Arabia. Its oil is also reaching Chinese boats.
Data shows that Beijing bought around 260 1000 tons of Indian IMPAQ crude in January. Despite sanctions, however, no oil has been bought in February. Trade War’s impact on the US is clearly visible at this point. Crude oil imports from the US to China have fallen by 45% to below 2 million tonnes. The US is placed just above Iran in the list of coal suppliers to China.
Image via – Youtube.com
