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On September 21, China's customs released statistics showing that Saudi Arabia remained China's largest oil supplier in August this year, Angola second, Iraq surpassed Russia to third, and Oman narrowly beat Iran
.
Global oil exporters are vying for the Chinese market
.
The International Energy Agency (IEA) estimates that Asia will consume 23.
5 million barrels of oil per day this year, about 25% of global consumption, while China will consume 11 million barrels
per day.
The IEA predicts that China will demand a quarter
of the world's oil next year.
China's imports from Iraq rose 25 percent
.
Shipments from Russia fell from 37.
7 million mt in July to 31 million mt
in August.
China's oil imports from Angola rose 9.
4% year-on-year to 35.
2 million mt.
Gao Jian, an analyst at SCI International, an energy consultancy, said Iraq's domestic oil production had surged and it would try to keep itself ahead of other Middle Eastern countries
.
As U.
S.
demand for imported oil wanes, all oil exporters are turning their sights to Asia, where China is the largest buyer
.
On September 21, China's customs released statistics showing that Saudi Arabia remained China's largest oil supplier in August this year, Angola second, Iraq surpassed Russia to third, and Oman narrowly beat Iran
.
Global oil exporters are vying for the Chinese market
.
The International Energy Agency (IEA) estimates that Asia will consume 23.
5 million barrels of oil per day this year, about 25% of global consumption, while China will consume 11 million barrels
per day.
The IEA predicts that China will demand a quarter
of the world's oil next year.
China's imports from Iraq rose 25 percent
.
Shipments from Russia fell from 37.
7 million mt in July to 31 million mt
in August.
China's oil imports from Angola rose 9.
4% year-on-year to 35.
2 million mt.
Gao Jian, an analyst at SCI International, an energy consultancy, said Iraq's domestic oil production had surged and it would try to keep itself ahead of other Middle Eastern countries
.
As U.
S.
demand for imported oil wanes, all oil exporters are turning their sights to Asia, where China is the largest buyer
.
