Russia beats Saudi Arabia as China’s top crude oil supplier in 2016

24 January 2017, Beijing — Russia overtook Saudi Arabia in 2016 to became China’s biggest crude oil supplier for the first year ever, customs data showed on Monday, boosted by robust demand from independent Chinese “teapot” refineries. Russian shipments surged nearly a quarter over 2015 to about 1.05 million barrels per day (b/d), the data […] More »