Russia is now the top oil supplier to China

The oil-for-loans deals have now, for the first time, made Russia surpass Saudi Arabia as the biggest oil supplier to the Chinese market

BY RITZAU FINANS

In May, Russia became China's top supplier of crude oil for the first time ever. This means that Russia has surpassed Saudi Arabia, the world's biggest oil exporter, and the largest supplier of crude oil to China until now. Analysts estimate that the development is caused by the "oil-for-loans" deals that China has made with Russia, reports the Wall Street Journal.

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Russia is now the top oil supplier to China

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Russian container industry in severe decline

Morgan Stanley: OPEC meeting good news for tankers

Drewry: Lasting tanker rebound hinges on the US

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Front page now

Panama Canal once again limits the daily number of ships

Wärtsilä to introduce ammonia engine: "We are definitely not a bottleneck"

Will the world come to need 12 million barrels of oil a day?

Poseidon Principles align with IMO climate targets

Royal Arctic Line's chief executive steps down

Broker sees benefits in Fredriksen's possible purchase of rival's tankers

Carriers go their separate ways on climate quotas

Russia takes more risks by increasing shipping on Arctic route

Everfuel and French fund to invest EUR 200m in hydrogen through joint venture

Gram Car Carriers lands multi-year contract worth USD 114m

Mississippi River waters dip toward record low in threat to US crop exports

Seven Seas: Customers' green ambitions and actions don't align

Further reading

Wärtsilä to introduce ammonia engine: "We are definitely not a bottleneck"

Carriers go their separate ways on climate quotas

Media: Sale of DB Schenker enters next phase

It's time for DHL's new global head of ocean freight to prove he can be number one

Will the world come to need 12 million barrels of oil a day?

Russia takes more risks by increasing shipping on Arctic route

Jobs