KUWAIT CITY: Kuwait’s crude oil exports to China in March hit a three-month high of 1.72 million tons, equivalent to 409,000 barrels per day (bpd), up 30.6 percent from a year earlier, official data showed.
The figure was the highest since December 2015, when Kuwait’s crude shipments to the world’s second-biggest energy consumer reached 1.75 million tons (414,000 bpd), according to the General Administration of Customs.
China’s overall imports of crude oil in March rose 21.6 percent from a year earlier to 7.71 million bpd. Russia overtook Saudi Arabia to secure the top spot, as its shipments soared 57.7 percent to 1.1 million bpd, while those from Saudi Arabia declined 1.7 percent to 941,000 bpd. Angola became third, up 3.8 percent to 856,000 bpd. Iraq ranked fourth and Iran fifth, respectively.
Despite economic slowdown, China remains a major oil importer and consumer.
