China's imports of Russian oil rose to a record level in May

China's General Administration of Customs said total Russian oil imports, including supplies pumped through the East Siberia-Pacific pipeline and seaborne cargo from Russia's ports in Europe and the Far East, amounted to nearly 8.42 million tons in May. China's imports of crude oil from Russia rose 55% compared to last year in May, replacing Saudi Arabia as the largest supplier, and China's total imports of crude oil rose by about 12% in May. Saudi Arabia ranked second as the largest supplier, with May volumes rising 9% year-on-year at 7.82 million tons, or 1.84 million barrels per day, and this is down from 2.17 million barrels per day in April.