Saudi Arabia Keeps To Rank as Oil Supplier to China in 2020

Saudi Arabia Keeps To Rank as Oil Supplier to China in 2020

Saudi Arabia, the largest oil exporter in the world, kept its ranking as the number one oil supplier for China during 2020, beating Russia, Reuters reported quoting data from the Chinese government.

Despite COVID-19, oil demand in China kept its strong position. China’s oil imports increased by 7.3% recording 542.4 million ton (mmt), equivalent to 10.85 million barrels per day (mmbbl/d).

Additionally, a data from the General Administration of Chinese Customs showed that Saudi cargos to china rose by 1.9% during 2020, to 84.92 mmt equivalent to 1.69 mmbl/d, compared to the previous year.

Meanwhile, Russia ranked second after shipping cargos of 83.57 mmt equivalents to 1.67 mmbbl/d increasing by 7.6% in 2020, compared to 2019.

In December 2020, Saudi Arabia supplied China with 6.94 mmt, dropping by 0.8% compared to the same month in 2019. On the other hand, Russian cargos were down by 15.7% to 6.2 mmt.

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Fatma Ahmed 1938 Posts

Fatma Ahmed is a staff writer with six years’ experience in Journalism. She is working in the field of oil and gas for four years. She also worked in the field of economic journalism for 2 years. Fatma has a Bachelor Degree in Mass Communication.

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