China Imports Most American Oil Ever



Luo Guoping and Flynn Murphy | Caixin

China’s imports of U.S. crude oil hit a record high of 3.897 million tons in September — around 950,000 barrels a day — as the country scrambled to fulfill the energy import obligations in the preliminary trade deal both countries inked in January.

That represented a year-on-year increase of 652.41%, the highest since records began, and made America China’s fourth-largest source of crude as Iraq dropped to No. 5.

The U.S. is not the only source of crude to see its exports to China spike, as imports from Saudi Arabia and Russia also shot up for the period. China imported a total of 48.48 million tons of crude oil in September, 5% more than the previous month, and a year-on-year increase of 17.6%.

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