China's crude oil imports from Russia jumps 54% y/y in July

China’s customs office released the country’s crude oil import data for the month of July, showing that Russia remains the biggest oil supplier for China for the fifth straight month.

Key Details:

China's July crude oil imports from:

Russia up +54% y/y at 1.17mln (barrels per day) bpd

Saudi Arabia down -0.8% y/y at 940,000 bpd

Iran up +0.45% y/y at 568,720 bpd

Iraq up +16.2% y/y 857,020 bpd

Angola down -17.5% at 921,520 bpd

USA at 173,810 bpd