China Is Buying All The Russian Oil That They Can Grab

OilPrice.com: Chinese Refiners Snap Up Discounted ESPO And Urals Crudes 

* Russia's crude oil sales to China surged to its historic high in March. 

* Chinese refiners purchased discounted ESPO and Urals crudes from Russia. 

* Saudi Arabia still trails Russia in crude oil supply to China despite a 30% increase in March compared to the previous year. 

China imported the highest-ever volumes of Russian crude oil in March, which kept Russia on top of Chinese crude suppliers’ list ahead of Saudi Arabia, government data from China showed on Friday. 

Russian crude arrivals to China surged to a record high of 2.26 million barrels per day (bpd) in March, up by 50% compared to 1.50 million bpd in March 2022, per data from China’s General Administration of Customs cited by Reuters. 

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Update: China's big refineries crowd out teapots for discounted Russian oil (Reuters)  

WNU Editor: Trade is booming between Russia and China .... China-Russia bilateral trade surges 38.7% in first three months of 2023 to reach $53.85 billion: customs data (Global Times).