Russia delivered 10.81 million tonnes of oil (2.55 million bpd | Intel Slava Z
Russia delivered 10.81 million tonnes of oil (2.55 million bpd) to China in March, close to the historical record of June 2023. This is 71.6 per cent more than the second largest supplier.
China continues to build up important strategic reserves, while the US used a significant part of its reserves in 2022 and 2023 to calm the markets. Prices have risen and it is now unable to replenish them.
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