China Oil Race Heats Up as Russia Weakens Saudi Dominance: Chart

China Oil Race Heats Up as Russia Weakens Saudi Dominance: Chart

August 5, 2016
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By hellenicshippingnews Saudi Arabia, after years of dominating sales to China, is being challenged by Russia for supplying the world’s biggest energy consuming nation. The Asian country’s monthly imports from the Middle Eastern kingdom have been exceeded by purchases from its rival oil producer seven times since May 2015, customs data compiled by Bloomberg show. The proximity … Read full story ›

Source:: Hellenic shipping news Oil