SINGAPORE : Saudi Arabia retained its top ranking in Chinese oil supplies in 2021, with supplies up 3.1per cent over 2020, and increased its share to 17per cent of total Chinese imports, customs data showed.
The expanded market share by the top OPEC exporter came as it boosted sales to national refiners and bolstered by demand from private mega refiners Zhejiang Petrochemical Corp and Hengli Petrochemical. Brazil dropped to No.7 last year versus No.4 in 2020, with supplies down 28per cent to 30.28 million tonnes, also due to reduced appetite from small independent plants.
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