Brazil Surpasses Saudi Arabia and Becomes Second Largest Oil Supplier to China
6 Articles
6 Articles
In 2026, Brazil surpassed Saudi Arabia and became China's second largest supplier of crude oil, one of the largest importers of the product in the world. The Asian country consumes more than 15 million barrels a day and depends on the external market for about 70% of the supply, which makes Chinese demand an important factor for global oil prices and, consequently, for the world economy.Customs data released on Tuesday (20/10) show that between …
Brazil surpasses Saudi Arabia and becomes China's second largest oil supplier, driven by pre-salt and demand from Chinese refineries
Unpublished ranking puts Brazil behind only Russia in raw supply to China and boosts bilateral trade to record level, with effects on export flow. The post Brazil passes Saudi Arabia and becomes 2nd largest oil supplier to China appeared first in Market Monitor.
Brazil delivered 44.29 million tons of oil to China in the first three quarters of 2026, an increase of 33.3 per cent over the same period in 2025, according to data
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