24% Increase in Russian Oil Supplies to China in 2023 – Data : Analysis

According to Chinese customs data, Russia has surpassed Saudi Arabia as the largest exporter of oil to China in 2023. Despite Western sanctions on Russian oil exports, over 107 million metric tons of Russian oil were shipped to China, marking a year-on-year increase of 24%. Saudi Arabia shipped 86 million metric tons to China in the same year. Russian oil producers have rerouted supplies to Asia and resumed crude transportation by rail due to the sanctions. This shift comes after Russia’s oil sales to the EU dropped by 90%.

Analysis:
The given article states that Russia has become the largest exporter of oil to China in 2023, surpassing Saudi Arabia. The information is based on Chinese customs data. It mentions that despite Western sanctions on Russian oil exports, over 107 million metric tons of Russian oil were shipped to China, indicating a year-on-year increase of 24%, while Saudi Arabia shipped 86 million metric tons to China in the same year. The article also mentions that Russian oil producers have rerouted supplies to Asia and resumed crude transportation by rail due to the sanctions. It further states that Russia’s oil sales to the EU dropped by 90%.

The credibility of the sources in this article cannot be directly assessed as they are not mentioned. However, the information is purportedly based on Chinese customs data, which adds some credibility to the claim.

The article presents factual information in terms of the quantities of oil exported by Russia and Saudi Arabia to China and the shift in oil sales from the EU to Asia. However, it does not provide any context regarding the reason behind the Western sanctions on Russian oil exports or the impact of these sanctions beyond the mention of rerouting supplies and drop in sales to the EU.

There is a potential bias in the article as it only focuses on Russia surpassing Saudi Arabia as the largest exporter of oil to China. It does not mention the overall global rankings or the significance of this shift in the broader oil market. This lack of context could lead to a limited understanding of the topic.

In terms of reliability, the article provides some factual information based on Chinese customs data. However, without further details about the sources and potential biases, it is difficult to fully evaluate its reliability.

In the context of the political landscape and prevalence of fake news, this article could contribute to a nuanced understanding of the global oil market. The focus on Russia’s rise in oil exports to China could align with certain political narratives or interests, but without additional context and analysis, readers may miss the broader implications or the bigger picture.

Overall, while the article provides some factual information, it lacks context and transparency in terms of sources. It is important for readers to seek additional sources and perspectives to develop a more complete understanding of the topic.

Source: RT news: Russian oil supplies to China jumped 24% in 2023 – data