Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you a link to reset your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you a link to reset password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Oil

China's June crude imports from Saudi Arabia, Russia, Brazil hit fresh highs

Commodities | Energy | LNG | Natural Gas | Natural Gas (North American) | Oil | Crude Oil | Refined Products | Gasoline | Metals | Steel | Shipping | Tankers

Market Movers Americas, Sep 21-25: Flotilla of US crude heads toward China

Oil

Platts Market Data – Oil

Commodities | Oil | Crude Oil | Marine Fuels

Marine Fuel Strategy Seminar (at MEEPEC)

Electricity | Electric Power

PG&E warns customers about potential power shutoffs due to hot, dry conditions

China's June crude imports from Saudi Arabia, Russia, Brazil hit fresh highs

Highlights

No arrivals from Iran in June; first since 2007

US crude imports hit 8-month high

OPEC+ market share falls to 80.5% in H1

Singapore — China's crude imports from main suppliers Saudi Arabia, Russia and Brazil all hit fresh highs in June, boosting the country's total crude imports to a record high -- and almost touching 13 million b/d in a month for the first time, General Administration of Customs data released July 26 showed.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

Main supplier Saudi Arabia delivered 2.17 million b/d of crude to China in June, edging up 0.2% from the previous record high in May on barrel-per-day basis, while imports from Russia reached 1.95 million b/d, inching closer to the 2 million b/d mark and surpassing the previous high in May of 1.82 million b/d.

Fourth-largest supplier Brazil delivered 1.22 million b/d in the month, up 20.9% from the previous record high of 1.01 million b/d last November, the GAC data showed.

China's crude imports from US hit an eight-month high of 143,452 b/d in June, despite being down 23.7% year on year.

There were no Iranian crude imports in June for the first time since January 2007, when S&P Global Platts began tracking GAC data.

China's total crude oil imports surged 34.4% year on year to record high of 12.99 million b/d, or 53.18 million mt, in June as the Chinese buyers who had rushed into the market to secure cheap crudes in late March received their deliveries in the month.

Over January-June, crude imports from OPEC+ suppliers rose 7.5% year on year to 8.71 million b/d as members competed to secure outlets in China during the COVID-19 pandemic, the data showed. However, the group's market share in China fell to 80.5% in the first half of the year from 82.3% a year earlier.

OPEC's market share fell to 52.1% in H1 from 56.6% a year earlier due to the supply shortfall from Iran and Venezuela.

The GAC data recorded no crude arrivals from Venezuela over January-June, compared with 350,711 b/d in H1 2019, while imports from Iran slumped 84.7% on year to 68,453 b/d in H1.

The customs release data in metric tons, which S&P Global Platts converts to barrels using a 7.33 conversion factor.

China's top crude suppliers ('000 mt)

Jun-20
Jun-19
% change
May-20
% change
Saudi Arabia
8,884
7,721
15.1%
9,165
-3.1%
Russia
7,978
7,153
11.5%
7,708
3.5%
Iraq
6,011
3,544
69.6%
6,963
-13.7%
Brazil
4,977
2,580
92.9%
2,333
113.3%
Angola
4,442
4,426
0.4%
2,926
51.8%
Kuwait
3,124
1,619
93.0%
2,216
41.0%
Oman
2,981
2,077
43.5%
3,241
-8.0%
U.A.E.
2,549
402
534.1%
3,249
-21.5%
Norway
1,416
0
NA
256
453.3%
Kazakhstan
1,295
199
550.0%
293
342.0%
Total*
53,181
39,566
34.4%
47,968
10.9%
Total* '000 b/d
12,994
9,667
34.4%
11,342
14.6%

Jan-Jun 20
Market share
Jan-Jun 19
Market share
Vol Change
Saudi Arabia
45,164
16.8%
37,760
15.4%
19.6%
Russia
43,962
16.4%
37,692
15.4%
16.6%
Iraq
33,190
12.3%
22,755
9.3%
45.9%
Angola
21,075
7.8%
25,300
10.3%
-16.7%
Brazil
20,454
7.6%
20,211
8.3%
1.2%
Oman
18,313
6.8%
15,717
6.4%
16.5%
U.A.E.
13,762
5.1%
6,334
2.6%
117.3%
Kuwait
13,415
5.0%
10,886
4.5%
23.2%
Malaysia
7,780
2.9%
4,294
1.8%
81.2%
Norway
6,697
2.5%
117
0.0%
5600.1%
Total*
268,747
100.0%
244,577
100.0%
9.9%
Total* '000 b/d
12,960
100.0%
11,873
100.0%
9.2%

Note: * includes other suppliers

Source: General Administration of Customs