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TODAY IN ENERGY: Saudi Arabia has been exporting more crude oil to China, less to the United States


  • Four Asia-Pacific countries that publish crude oil imports by country of origin—China, Japan, South Korea, and Taiwan—collectively imported an average of 3.5 million b/d of crude oil from Saudi Arabia in 2018.
  • China's, Japan's, and Taiwan's 2019 year-to-date crude oil imports from Saudi Arabia are larger than their 2018 annual averages, but South Korea's have declined slightly, based on data through May 2019.
  • China's crude oil imports from Saudi Arabia have gradually increased in recent years, and in March 2019, reached 1.7 million b/d, the highest level for any month since at least 2004.



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