A new report from Reuters has stated that Russia has overtaken Saudi Arabia as China’s top oil supplier by supplying 1.98 million bpd of Russian crude oil in May.
May saw a record quantity of Russian crude being imported into China, with arrivals rising by 55 percent to almost 2 million barrels per day (bpd). As a result, Russia is now the top supplier to the world's top crude importer and surpasses Saudi Arabia for the first time in an 18-month period.
According to da...
