Russia, Angola Biggest Suppliers of Oil to China in January

Trying to get a handle on gains and losses in oil market share to China ... See numbers for Jan show Russia and Angola in the top two spots. Anyone have better insight on this?

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That means Angola overtook the Saudis from the month prior, but not sure about a longer-term picture.

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This is what China's crude oil imports looked like as of 2016, by value:

  1. Russia: $16.8 billion (down -18.1%)
  2. Saudi Arabia: $15.6 billion (down -64.8%)
  3. Angola: $13.8 billion (down -58.7%)
  4. Oman: $11.1 billion (down -30%)
  5. Iraq: $10.6 billion (down -15.9%)
  6. Iran: $9.5 billion (down -46.8%)
  7. Brazil: $6 billion (up 28.8%)
  8. Kuwait: $4.8 billion (down -42.7%)
  9. Venezuela: $4.5 billion (down -56.8%)
  10. United Arab Emirates: $3.9 billion (down -48.4%)
  11. Colombia: $2.2 billion (up 3.6%)
  12. Congo: $2.1 billion (down -51%)
  13. Sudan: $1.8 billion (down -10.5%)
  14. United Kingdom: $1.7 billion (up 741.7%)
  15. Vietnam: $1.5 billion (up 130%)

But now the US is changing the game. 

Data in Thomson Reuters Eikon shows U.S. crude shipments to China went from nothing before 2016 to a record 400,000 barrels per day (bpd) in January, worth almost $1 billion. 

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