China’s Oil Supply Takes Hit After Sudan Oil Cut

David Nealis President of Blue Bridge

   The nation of South Sudan has shut down its oil output, estimated at around 350,000 barrels per day (bpd), as it and its neighbor Sudan struggle to disentangle their oil industries, borders and debt. Before the shutdown, China imported most of their output, bringing in around 260,000 bpd last year, according to customs data. That loss, in addition to cuts China has made in imports from Iran as Beijing and Tehran bicker over contract terms, has left China looking for alternatives equivalent to around 10% of its imports or around 545,000 bpd.