Saudi Arabia Remains China’s Top Oil Supplier Despite Deep Russian Discounts

The world’s largest oil exporter, Saudi Arabia, was once again the top supplier of crude to the world’s top importer, China, beating its partner in the OPEC+ deal, Russia, to the top spot for deliveries in January and February 2022.   Chinese crude oil imports from Russia fell by just over 9 percent in the first two months of this year, per data from China’s General Administration of Customs cited by Reuters, as independent refiners reduced purchases of crude, including of one of their favorite blends, Russian ESPO,…