Saudi Arabia overtook Russia and became the largest seller of Chinese oil, and US exports to China fell to zero

According to the latest data, Saudi Arabia's oil exports to China reached 8.
48 million tons in August, once again surpassing Russia and becoming the first oil supply to China, and China gradually diversified
its oil imports.
As an oil power, the United States' oil exports to China are zero
.

(After three months, Saudi Arabia once again returned to the first place in oil supply to China)

Saudi Arabia overtook Russia and returned to the first place in oil supply

Since the United States and Western countries began to impose various energy sanctions on Russia, Putin said that to "look east", gradually shift the focus of the market to Asian countries, China has also increased the purchase of energy from Russia, and the cooperation between the two sides in the field of energy has gradually deepened
.
In May, Russia's energy exports to China grew 55 percent year-on-year, surpassing Saudi Arabia for the first time and becoming the largest supplier
of Chinese oil for three consecutive months.

The latest data from the General Administration of Customs of China shows that China imported 8.
34 million tons of oil from Russia in August, an increase of 28% over last year.
In August, China's oil imports from Saudi Arabia reached 8.
48 million tons, equivalent to 1.
99 million barrels per day, an increase of 5% over last year, and Saudi Arabia overtook Russia and re-emerged as the largest supplier
of Chinese oil.

It is worth noting that as an oil power, China's oil imports from the United States, Iran and other countries are zero
.
This also reflects that China has gradually diversified its supply in energy imports and has always followed the principle of
"not putting eggs in the same basket".

(Foreign Minister Wang Yi met with the Secretary-General of the GCC, and the two sides have always agreed to complete the FTA as soon as possible)

Saudi Arabia: Prioritize oil resources for China

All along, China is a big oil importer, the development of the chemical industry can not be separated from oil, so energy diversification is of great importance
to our country.
As a major oil supplier, Saudi Arabia needs stable buyers, and the cooperation between the two sides in energy is perfectly in line with their respective needs, and a number of cooperation projects
have been reached.

In foreign trade, China has always adhered to the concept of mutual benefit and win-win results, which has also won the welcome
of all parties.
In the first half of the year, Saudi Arabia also said that in the next fifty years, it will give priority to ensuring China's oil supply
.
The Saudi energy minister said that even in the current extremely volatile international energy market, the Saudi side will strictly abide by this commitment to China and make this the top priority
of the Saudi government.

A few days ago, during his attendance at the UN General Assembly, Foreign Minister Wang Yi also met with foreign ministers of GCC countries, including Saudi Foreign Minister Faisal
.
The two sides agreed that they should promote the agreement on the China-China Shipping Free Trade Agreement as soon as possible and strengthen bilateral cooperation
in the fields of energy and trade.

(People in Europe protest soaring energy prices)

Europe is running wild for energy, and the United States is sitting on the profits of fishermen

After Western countries continue to follow in the footsteps of the United States and impose sweeping sanctions on Russia, they have failed to find a suitable "back road" for themselves, and their countries have been deeply trapped in
the predicament of the energy crisis.
At the same time, the United States, which initiated the sanctions proposal, reaped the benefits
of the fishermen.

According to the data, in the first half of 2022, U.
S.
oil exports reached a record 6 million barrels per day, the highest level
in 40 years.
This is also thanks to Europe's energy policy, which gives the United States the opportunity to fill its gap in energy imports, making the share of U.
S.
oil products in the European market increasing
.
The data shows that in the first five months of this year, European oil imports from the United States surpassed Asia for the first time, becoming the largest buyer
of American oil.

(The United States becomes the largest seller of European oil)

Since the Russian-Ukrainian conflict, the European Union has continued to reduce its energy imports to Russia despite its dependence on Russian energy, making the domestic people miserable and the cost of living soaring
.
As winter approaches, these countries have also had to accelerate their search for crude oil import substitutes, paying a high price
for their energy policies.

Therefore, the national energy supply must be diversified and the initiative must be in its own hands in order to ensure its own energy security and national security and provide a guarantee
for a stable passage through the energy crisis.