ALMOST ALL REGIONS ARE UP IN VOLUME TERMS (MN B/D) …
 
…BUT OPEC & MIDDLE EAST ARE LOSING MARKET SHARE TO RUSSIA AND THE AMERICAS (% OF IMPORTS)

SOURCE: CHINESE IMPORT STATISTICS, MEES CALCULATIONS.

CHINA’S TOP 4 CRUDE SUPPLIERS. RUSSIA NOW CLEAR #1 WITH 1.3MN B/D FOR PAST 6 MONTHS, 200,000 B/D MORE THAN #2 SAUDI ARABIA ('000 B/D, 3-MTH MOVING AVERAGE)