China’s Imports Of Russian Crude Oil Hit A Record High

China’s crude oil imports from Russia soared to an all-time high of 2.29 million barrels per day (bpd) in May as refiners in the world’s top crude oil importer continue to buy discounted Russian oil.   China’s imports of Russian crude oil jumped by 15.3% compared to May last year and surged by 32.4% compared to the 1.73 million bpd crude imports from Russia in April, per data from the Chinese General Administration of Customs cited by Reuters. Saudi Arabia, Russia’s main competitor in the Chinese market and Moscow’s…