China’s crude oil imports from Russia tick down in June; Malaysia imports surge

BEIJING: China’s imports of crude oil from Russia fell 1% in June from a year earlier to 8.35 million metric tons or 2.03 million barrels per day, Chinese customs data showed on Sunday.

China’s June crude imports climb

• Imports from Malaysia, the biggest trans-shipment hub for sanctioned Iranian oil, reached 7.09 million tons in June, or 1.72 million bpd, up 40% from May, also up 20% year-on-year.

• Imports from Saudi Arabia, the second-largest supplier to China
  in June, were up 16% year-on-year in June, at 7.9 million tons or 1.92 million bpd.

• Customs recorded no imports from Iran and Venezuela in
  June.

• China’s total crude oil imports reached 49.89 million tons in June, or 12.14 million barrels per day, reflecting a rise from May and a 7.4% increase compared to the previous year as the state-owned refiners increased their operations and achieved better profits.