In July, a major exporter of oil to China were Angola, follows from the last OPEC report. Earlier, in 2016 the leaders in the supply of oil to the Chinese market in turn were Russia and Saudi Arabia
Angola in July (latest available data) supplied to China of 1.1 million barrels. a day, to be published on 12 September, the monthly OPEC report on oil market. Compared to the previous month’s daily supply of Angolan oil to Chinese market increased by 207 thousand barrels.
Saudi Arabia, among oil suppliers to China in July, took second place (950 thousand Barr. a day). The total volume of oil imports by China in July decreased by 2%, to 7.3 million barrels. a day. In annual terms, imports grew by 1%.
Data for Russia, not a member of OPEC, report no. In August Bloomberg, citing data from the General administration of customs of China, wrote that in January—July, Saudi Arabia was placed in China on average of 1.05 million barrels. per day, and its market share was 14%. Russia in the same period sold to China to 1.02 million barrels. of oil per day, and its share was 13.6%, wrote the Agency.
Angola, which with a GDP per capita of just over $4 million (world Bank data for 2015) is one of the poorest members of OPEC, often takes place in the three main sources of Chinese oil imports — for example, in February 2016, she won the second place on volume of deliveries. In addition, the top three includes Russia and Saudi Arabia, which in turn occupy a leading position. In particular, Russia was the leader in the supply of oil to the Chinese market in April and may, Saudi Arabia in June.
OPEC raised its forecast for growth in global demand for oil at 10 thousand barrels. day to 94,27 million barrels. The same amount was raised the forecast for global oil demand in 2017 — to 95,42 million barrels. a day.
According to the Ministry of energy of the Russian Federation in August, Russian oil exports declined from 20,767 million tonnes to 19,426 million tonnes.
