Russia Overtakes Saudi Arabia To Become Largest Supplier Of Oil To China
- In 2023, Russia surpassed Saudi Arabia as the top crude oil supplier to China, despite Western sanctions, by shipping a record 107.02 million metric tons of crude oil.
- Saudi Arabia's market share declined due to cheaper Russian crude, leading to a 1.8% decrease in imports to 85.96 million tons.
- China's overall crude imports for 2023 reached a record of 563.99 million metric tons, driven by increased demand from Chinese and Indian refiners for discounted Russian oil.
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Coverage Details
Total News Sources0
Leaning Left4Leaning Right9Center8Last UpdatedBias Distribution43% Right
Bias Distribution
- 43% of the sources lean Right
43% Right
L 19%
C 38%
R 43%
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