China’s oil purchases from Africa fall 22.6% between January and September

China’s oil purchases from African countries fell 22.6% year-on-year between January and September, according to data from consultancy S&P Global, highlighting the accelerating Asian transition to suppliers in Russia and the Persian Gulf.

This decline further reduced Africa’s share of the Chinese oil market, from 13.2% last year to just over 10% in the first three quarters of 2022, according to . . .

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