Iran overtakes Saudi as China's No.1 crude supplier
Iran overtook Saudi Arabia in May as China's top crude supplier, Chinese customs data showed on Monday, but traders said it was partly due to a supply cut from the Saudis. Beijing-based trading officials cautioned against reading too much into one month's figures, which they said may have been skewed due to technical problems such as port congestion that pushed back or forth imported cargoes for customs clearance. Iran, the world's fifth-largest crude exporter, shipped into China 3.088 million tonnes of crude, or 727,000 barrels per day last month, a rise of 88 percent from a year ago.
No comments:
Post a Comment