China’s Russian Oil Imports Jump 25% as Beijing Seeks Cheap Crude

China’s crude oil imports from Russia jumped by 25.6% month-on-month in August as Beijing last month welcomed the highest monthly crude arrivals so far this year, taking advantage of cheaper supplies. China imported 2.21 million barrels per day (bpd) of crude from Russia in August, according to data from the Chinese General Customs Administration cited by Russian news agency Interfax. The second-largest supplier of China last month was Malaysia, further supporting the estimates that Beijing has rushed to buy cheap discounted oil at a time…