NEWS

China Swims In Russian Oil

China is drunk on Russia’s oil as the world’s second-largest economy capitalizes on the discounted oil price currently offered by its neighbor.

Saudi Arabia now plays second fiddle to Russia as an oil supplier to China.

Last month, Chinese imports of Russian oil surged by 55% from a year earlier, according to data from the Chinese government.

China imported around 8.42 million tons of crude oil from Russia in May, the data showed—the equivalent of 1.98 million barrels per day, according to Reuters.

Meanwhile, China’s purchases of Russian liquefied natural gas rose 54% from the previous May.

Support The Readers Bureau Buy A T-Shirt Today (4 different colors)! click  https://www.bonfire.com/one-love-72/?fbclid=IwAR2bod-XSyrCPutOwG_SMnKiInk6Bqe2kCtjBsAFISqHluQcujrF2UUkFew

Readers Bureau, Contributor

Edited by Jesus Chan

Do you want to add feedback to this story?

Please add a comment in the box below or send an email to info@thereadersbureau.com,  Call us at 201-500-7715