SINGAPORE: Malaysia regained its position as the second-largest supplier of crude oil to China last month, data showed on Wednesday, with supplies rising 28% on year as independent refiners sought cheaper sanctioned oil amid Middle East supply concerns.
The Southeast Asian country lost that spot to Saudi Arabia the previous month. Imports from Malaysia, a major transshipment hub for sanctioned oil from Venezuela and mostly Iran, reached 7.51 million metric tons last month, or nearly 1.5 million barrels per day (bpd), General Administration of Chinese Customs data showed.
