Saudi Arabia has regained the lead in supplying crude oil to China, as data from the General Administration of Customs of China today showed that Saudi Arabia was the largest supplier of crude oil to China in February, recovering Top spot from Russia after it finished second in January.

According to Reuters news agency, data showed that supplies from Saudi Arabia amounted to 5.95 million tons, or about 1.552 million barrels per day, an increase of 29% compared to February 2018.

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This comes in comparison with Russia’s supplies, which amounted to 5.74 million tons, or about 1.5 million barrels per day.

After Saudi Arabia has been the second supplier of crude to China for three consecutive years on an annual basis, it is stepping up sales to China through supply agreements with refiners away from the national oil companies In a new marketing strategy.

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