Saudi Arabia’s crude exports to China rose in October even as the Asian giant reduced oil imports, Platts reports. Â
With the higher exports, Saudi Arabia overtook its OPEC rival, Angola, and became the second biggest exporter of crude to China.
Chinese crude imports fell to 31.03 million tons, a 18.9% drop from September, according to Platts.
Russia maintained its position as the top crude exporter to China for the eighth month in a row despite its exports plummeting by 26.8% from almost 6.35 million tons in September to 4.65 million tons in October, according to Platts.
China’s September exports were close to record highs, Reuters reports.