Malaysian oil imports by China reduced, Saudi slips to 3rd spot

China imported 387,792 tonnes of crude oil from Malaysia in July, down 71% from a month ago, the data showed. - Ruters

BEIJING/SINGAPORE: Saudi Arabia's crude oil exports to China fell in July, taking it out of the top two supplier slots for the first time in two years, after a historic production cut to cope with a plunge in fuel demand and prices that was by the COVID-19 pandemic.

Saudi Arabia shipped 5.36 million tonnes to China last month, the equivalent of 1.26 million barrels per day (bpd), data from the General Administration of Customs showed on Tuesday.