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FinancialNews


  • 21-01-21

    Saudi Arabia turns to world’s biggest oil exporter in 2020

    (MENAFN)On Wednesday, Chinese government declared that Saudi Arabia, the world’s biggest oil exporter, hit Russia to keep its ranking as China’s top crude supplier in last year.

    Oil order in China, the world’s top oil importer, continued sturdy in 2020 even as the Coronavirus crisis affected on globally economic situation.

    Chinese imports increased 7.3 percent to a reach at 542.4 million tons or 10.85 million barrels per day (bpd).

    The General Administration of Chinese Customs declared that Saudi shipments to China in last year increased 1.9 percent from a year earlier to 84.92 million tons, or about 1.69 million bpd.

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