China's imports of oil from Russia in April a record surge 52.4% year on year
2016.05.24
Russia Today reported today, Chinese customs data show that in April Chinese from Russia crude oil imports reached a record 4 million 810 thousand tons, an increase of 52.4%; March Chinese from Russia imported 4 million 650 thousand tons of crude oil.
At the same time, China imported 4 million 120 thousand tons of oil from Saudi Arabia, down 22%, but compared to the previous month's increase; in March this year, China imported 3 million 980 thousand tons of oil from Saudi arabia. In addition, China's imports of crude oil from Angola in April 3 million 980 thousand tons, an increase of 39%. In April, China imported crude oil from another OPEC state of Iran was 2 million 760 thousand tons, down 5.1%.
According to the data in April, China's three major oil suppliers are Russia, Saudi Arabia and Angola.
The International Energy Agency's report shows that by the end of 2015, Russia had overtaken Saudi Arabia as China's largest oil supplier, and that China had overtaken Germany as Russia's largest oil importing country by the end of last year.
According to Reuters quoted traders reported that the removal of local independent refineries, the China Petrochemical Corp's joint petrochemical also purchased a large number of Russian oil in April.
Since the beginning of 2011, Chinese through East Siberia Pacific Ocean oil pipeline (ESPO) from the Russian oil transportation, in the past five years, Russia's oil exports to Chinese volume doubled, the average daily increase of 550 thousand barrels. At present, Russia is expected to transport 5 million tons of oil per year to China by the oil pipeline, but is expected to increase to 15 million tons per year under the new plan. Analysts said, due to the long-term supply of crude oil supply contracts and China's oil demand increased, the scale of Sino Russian oil trade will continue to remain high. March of this year, the Russian oil transportation company (Transneft), vice president of Andropov Sergey said that China agreed in 2015 to import 27 million tons of oil from Russia through the ESPO pipeline.
In recent years, Russia is also vigorously developing the Chinese market. Not only with oil and other companies signed hundreds of millions of tons of oil deal, large-scale construction of oil transmission pipeline. As China gradually liberalized import quotas, Russia is also the first to seize the local independent refinery market. By virtue of local independent refinery orders, Russia has more than one month's crude oil exports to China beyond Saudi arabia.
In the face of Russian competition, Saudi Arabia also dare not show weakness, the history for a long period of time is the largest energy supplier Saudi China.
Wall Street knowledge previously reported, in order to prevent Russia further erode the China market, Saudi Arabia recently began to increase China crude oil transportation, and is willing to tolerate below market prices, would rather lose money to maintain the status of the Chinese in Saudi aramco.
According to Reuters, Saudi may have recently sold 730 thousand barrels of crude oil to an independent Chinese oil refinery, Shandong, beijing. This is the first time to the Saudi independent sale spot crude oil refinery.
For the global market, Saudi Arabia and the Russian market share in order to grab the head broken and bleeding or the means of "two of the world's biggest oil producers not only increase yield.
Bloomberg quoted UBS analyst Zurich Giovanni Staunovo commented: "the price of crude oil very careful." Fosun Group Chief Investment Officer Han Tongli fixed income in April on the Wall Street informative said that this round of crude oil prices is mainly the concept of "Doha fried frozen production, crude oil is difficult to break through the $50.
In addition, the surge in oil trade between China and Russia may also mean that the collapse of the oil dollar war in the upgrade.
Zerohedge earlier this year once wrote that the maintenance of $decades hegemony petro dollar system is gradually disintegrated, will be replaced by the renminbi, the birth of a new "oil renminbi" will create a new world economic order -- post Bretton Woods system.
Gazprom, Russia's third largest oil producer, has been reported to have turned to the use of the yuan for trade settlement in 2014, when it was reported to be in the process of exporting oil to China.
Some analysis that Russia's rapid increase in market share in China's oil imports, partly due to Russia's willingness to accept RMB settlement.
According to Russian Insider, in July last year, Japan's Nomura Holdings Inc in Hongkong area of oil and gas research department director Gordon Kwan said, "with Russia is willing to accept RMB settlement oil trading decisions, we expect Russia's total oil imports more than the record of Chinese. If Saudi Arabia in Chinese to regain the market first, you need to accept renminbi transactions, rather than just the dollar transactions."
Editor: Li Jun
Tags: imported oil China
At the same time, China imported 4 million 120 thousand tons of oil from Saudi Arabia, down 22%, but compared to the previous month's increase; in March this year, China imported 3 million 980 thousand tons of oil from Saudi arabia. In addition, China's imports of crude oil from Angola in April 3 million 980 thousand tons, an increase of 39%. In April, China imported crude oil from another OPEC state of Iran was 2 million 760 thousand tons, down 5.1%.
According to the data in April, China's three major oil suppliers are Russia, Saudi Arabia and Angola.
The International Energy Agency's report shows that by the end of 2015, Russia had overtaken Saudi Arabia as China's largest oil supplier, and that China had overtaken Germany as Russia's largest oil importing country by the end of last year.
According to Reuters quoted traders reported that the removal of local independent refineries, the China Petrochemical Corp's joint petrochemical also purchased a large number of Russian oil in April.
Since the beginning of 2011, Chinese through East Siberia Pacific Ocean oil pipeline (ESPO) from the Russian oil transportation, in the past five years, Russia's oil exports to Chinese volume doubled, the average daily increase of 550 thousand barrels. At present, Russia is expected to transport 5 million tons of oil per year to China by the oil pipeline, but is expected to increase to 15 million tons per year under the new plan. Analysts said, due to the long-term supply of crude oil supply contracts and China's oil demand increased, the scale of Sino Russian oil trade will continue to remain high. March of this year, the Russian oil transportation company (Transneft), vice president of Andropov Sergey said that China agreed in 2015 to import 27 million tons of oil from Russia through the ESPO pipeline.
In recent years, Russia is also vigorously developing the Chinese market. Not only with oil and other companies signed hundreds of millions of tons of oil deal, large-scale construction of oil transmission pipeline. As China gradually liberalized import quotas, Russia is also the first to seize the local independent refinery market. By virtue of local independent refinery orders, Russia has more than one month's crude oil exports to China beyond Saudi arabia.
In the face of Russian competition, Saudi Arabia also dare not show weakness, the history for a long period of time is the largest energy supplier Saudi China.
Wall Street knowledge previously reported, in order to prevent Russia further erode the China market, Saudi Arabia recently began to increase China crude oil transportation, and is willing to tolerate below market prices, would rather lose money to maintain the status of the Chinese in Saudi aramco.
According to Reuters, Saudi may have recently sold 730 thousand barrels of crude oil to an independent Chinese oil refinery, Shandong, beijing. This is the first time to the Saudi independent sale spot crude oil refinery.
For the global market, Saudi Arabia and the Russian market share in order to grab the head broken and bleeding or the means of "two of the world's biggest oil producers not only increase yield.
Bloomberg quoted UBS analyst Zurich Giovanni Staunovo commented: "the price of crude oil very careful." Fosun Group Chief Investment Officer Han Tongli fixed income in April on the Wall Street informative said that this round of crude oil prices is mainly the concept of "Doha fried frozen production, crude oil is difficult to break through the $50.
In addition, the surge in oil trade between China and Russia may also mean that the collapse of the oil dollar war in the upgrade.
Zerohedge earlier this year once wrote that the maintenance of $decades hegemony petro dollar system is gradually disintegrated, will be replaced by the renminbi, the birth of a new "oil renminbi" will create a new world economic order -- post Bretton Woods system.
Gazprom, Russia's third largest oil producer, has been reported to have turned to the use of the yuan for trade settlement in 2014, when it was reported to be in the process of exporting oil to China.
Some analysis that Russia's rapid increase in market share in China's oil imports, partly due to Russia's willingness to accept RMB settlement.
According to Russian Insider, in July last year, Japan's Nomura Holdings Inc in Hongkong area of oil and gas research department director Gordon Kwan said, "with Russia is willing to accept RMB settlement oil trading decisions, we expect Russia's total oil imports more than the record of Chinese. If Saudi Arabia in Chinese to regain the market first, you need to accept renminbi transactions, rather than just the dollar transactions."
Editor: Li Jun
Tags: imported oil China
