China’s crude oil imports from Russia rebound in March; imports from Malaysia surge
Tuesday, 22 April 2025 | 20:00
- Imports from top supplier Russia – including via pipelines and tankers – rebounded in March after a fall in the January-February period triggered by toughest-ever U.S. sanctions that disrupted oil flows.
- Russian oil arrivals totalled 8.85 million metric tons last month, or 2.08 million barrels per day, up from 1.91 million bpd during the Jan-Feb period but down from the 2.55 million bpd notched a year ago, Chinese customs data showed on Sunday.
- Deliveries of Russian oil recovered as non-sanctioned tankers joined the transport lured by surging freight rates.
- Imports from Malaysia, the top trans-shipment hub for sanctioned Iranian oil, leapt 84% on the year to 8.75 million tons, or 2.06 million bpd.
- China’s total crude oil imports rose 5% in March over a year earlier driven by a surge of Iranian oil.
- Saudi Arabia fell behind Russia and Malaysia to the third-largest supplier, despite shipments growing 34% year-on-year to 8.45 million tons, or 1.99 million bpd.
- Customs did not record imports from Iran. There was 0.15 million tonnes imported from Venezuela.
Source: Reuters
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