The Battle For Dominance In China’s Oil Market ...Middle East

Russia and Saudi Arabia are vying for the top spot among crude oil suppliers to China, with Russia currently in the lead, but Saudi Arabia is doing its best to push ahead. Analytic data cited by Reuters today shows that Russia exported an average of 1.7 million bpd of crude oil to China during the first 11 months of the year, with Saudi Arabia just a little bit behind, with an average export rate of between 1.6 million bpd and 1.7 million bpd. The race continues as China has emerged as the only country in the world still thirsty for oil. An earlier…

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