Arab Today, arab today kuwait\s crude oil exports to china up 54
Last Updated : GMT 08:52:09
Arab Today, arab today
Arab Today, arab today

Kuwait\'s crude oil exports to China up 5.4%

Arab Today, arab today

Arab Today, arab today Kuwait\'s crude oil exports to China up 5.4%

Beijing - KUNA

Kuwait's crude oil exports to China rose 5.4 percent in October from the previous month to 771,000 tons, equivalent to around 182,000 barrels per day (bpd), latest government data showed. Kuwaiti share of Chinese crude oil imports last month was 3.8 percent, compared to 2.8 percent in September, according to the General Administration of Customs. Meanwhile, Kuwait's crude oil exports to the world's second-biggest energy consumer fell 10.3 percent from a year earlier. China's overall imports of crude oil in October fell 13.8 percent from a year earlier to a 13-month low of 20.41 million tons, or 4.83 million bpd. Saudi Arabia remained China's top supplier, but its shipments edged down 0. 9 percent to 1.09 million bpd, followed by Angola with 761,000 bpd, up 3.9 percent. Oman became third, with imports from the country shrinking 21.0 percent to 523,000 bpd. Russia ranked fourth and Iraq fifth, respectively. China surpassed the US as the world's biggest net oil importer in September, fueled by its steady growth in oil demand, the Energy Information Administration, the US Energy Department's statistical unit, said last month, adding that this trend to continue through 2014.

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