Russia held its spot as China’s top oil supplier for a third month in July as independent refiners stepped up purchases of discounted supplies while cutting shipments from rival suppliers such as Angola and Brazil.
Imports of Russian oil totaled 7.15 million tonnes, up 7.6% from a year ago, data from the Chinese General Administration of Customs showed. Still, Russian supplies in July, equivalent to about 1.68 million barrels per day (bpd), were below May’s record of close to 2 million bpd.
Imports from second-ranking Saudi Arabia rebounded last month from June, the lowest . . .
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