China overtakes Germany as Russia’s top crude consumer

Shipping data suggest that China is importing more and more ESPO crude [East Siberian Pacific Ocean blend – Ed.]… In January, China imported nearly 60 percent of all cargoes leaving Kozmino [Russia’s export terminal to Asian markets –Ed.] while teapot refiners in the north of the country have recently begun importing crude via train from Russia,” said the IEA in its Oil Market Report for March.

Read Full at http://www.hellenicshippingnews.com/china-overtakes-germany-as-russias-top-crude-consumer/

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