Moscow just one-upped the Saudis in China: Russia is officially Beijing’s number one crude supplier. “China imported a record 3.92 million metric tons from its northern neighbor in May, according to data emailed by the Beijing-based General Administration of Customs on Tuesday,” according to Bloomberg. “That’s equivalent to 927,000 barrels a day, a 20% increase from the previous month. Saudi sales slumped 42% from April to 3.05 million tons.” And what’s more: The Kingdom actually fell to third place behind Angola, who sold 3.26 million tons to China, up 14% from April. As China’s been itching to move …read more
Source: Business Insider
