Home » Markets » Russia energy exports to China soar, displacing Saudi Arabia as Beijing’s top supplier
Russia energy exports to China soar, displacing Saudi Arabia as Beijing’s top supplier
Biden needs to ‘produce’ more oil in US to ‘cut’ record gas prices: Expert
American Petroleum Institute President & CEO Mike Sommers argues that the Biden administration needs to ‘produce’ more American oil production to lower record-high gas prices.
Russia has overtaken Saudi Arabia as China’s top importer of crude oil as its once largest importer, the European Union, continues to shun Russian oil over the war in Ukraine.
Last month, China imported nearly 2 million barrels per day (bpd) – a 55% increase from May 2021, and a nearly 20% increase from April, according to the latest statistics from China’s General Administration of Customs.