Sign in to follow this  
Followers 0
OS

Russia, Angola Biggest Suppliers of Oil to China in January

Recommended Posts

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?

  • Upvote 1

Share this post


Link to post
Share on other sites

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

Share this post


Link to post
Share on other sites

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. 

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  
Followers 0