China's top oil suppliers show shifts; Brazil moves forward
China's crude oil imports experienced notable changes in 2026. In September, China's imports from Russia, its largest supplier, reached 9.94 million tons (2.42 million barrels per day), representing a 20% increase compared to the previous year but an 11% decrease from the previous month. Brazil surpassed Saudi Arabia to become China's second-largest oil supplier during the first nine months of the year, with China importing 44.29 million tons from Brazil versus 43.12 million tons from Saudi Arabia. In September, imports from Brazil increased by 18%, while those from Saudi Arabia dropped by 62%. Imports from Iraq totaled 4.84 million tons (1.18 million barrels per day), showing a 19% year-over-year decline, despite a 248% increase compared to August. Imports from Oman reached 1.22 million tons, a 54% annual decline, but a 30% rise from August. Malaysian imports decreased by 70% annually and 56% compared to the previous month, while Indonesian imports amounted to 1.72 million tons, down 19% year-over-year and 44% month-over-month. There were no recorded imports from the United States, Venezuela, or Iran in September.
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