Another Contender Emerges in Battle for China Oil Market Spoils
- Iraq overtakes Russia as China 3rd-bigggest supplier in August
- Saudi Arabia keeps lead even as sales slip; Angola is No. 2
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The race among the top sellers of crude to the world’s biggest energy-consuming nation got a little tighter last month.
Iraq overtook Russia to become the third-largest supplier to China, while Oman edged past Iran in sales of oil to Asia’s biggest economy. Saudi Arabia kept the lead in the race even as its shipments slipped, data from General Administration of Customs in Beijing on Monday show. Cargoes from Angola rose, helping the African producer hold onto the No. 2 spot.