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Saudi Arabia and Russia vie for market share in China
Monthly oil imports to China in February were 20% higher in 2016 than the year before. The increased level of imports in February were the highest ever on a daily basis as the country takes advantage of low oil prices to increase stockpiles, reports Reuters.

Saudi Arabia made up the largest portion of China’s February imports, with shipments averaging 1.38 MMBOPD, slightly below a record 1.39 MMBOPD in February 2012.

Imports from Russia came in third behind Angola, with shipments of 1...

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