In September of this year, China bought Iranian oil by 34% less than in September last year. The volume of purchases amounted to 2 million 130 thousand tons, data from the General Administration of Customs of China showed. Relative to the previous month, the decline was more than one-third. The reduction of oil imports from Iran is due to the approach of the introduction of US sanctions against Tehran. According to September data, Russia was the largest supplier of oil to China, followed by Saudi Arabia and the United States. In November, oil imports to China as a whole increased by 0.9% over the year to 37,210,000 tons. In terms of value, its growth was 41.6%.
Stocks and oil gain despite rising coronavirus cases26.06.2020
Oil prices climb in light of demand recovery optimism despite coronavirus fears25.06.2020
China’s Tencent buys Malaysian streaming platform Iflix in a push into South East Asia25.06.2020
Oil falls due to U.S. crude stock build, virus fears