New Oil Order: Russia Again Tops Saudi Arabia As China’s Largest Crude Supplier
by Tyler Durden
ZeroHedge.com
10/21/2015
As a desperate Saudi Arabia taps the bond market to mitigate the SAMA drawdown while simultaneously attempting to muscle in on Moscow’s Eastern European market share, Russian crude sales to China soared 42% in September. The result: for the second time this year, Russia has overtaken Saudi Arabia as the number one crude supplier to Beijing.
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