December oil import data from China

  • crude oil imports from Russia up +29.3% yy at 1.13m bpd
  • crude oil imports from Saudi Arabia down -1.2% yy at 1.05m bpd
  • crude oil imports from Iran down -12.3% yy at 530k bpd

Russia outgunning Saudi as China's top supplier for the 4th time in 2015