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Saudi crude oil supply to China to rebound in August, regain market share
Saudi crude oil exports to China will rebound in August to at least 44 million barrels after deep price cuts by state energy firm Saudi Aramco supported demand, several trade sources said on Tuesday. August exports to China will rise for the first time in four months, from about 36 million barrels in July, the sources said. Saudi Arabia to regain oil market share The rebound will help the biggest oil exporter regain its share in the largest import market. Saudi exports to China tumbled in June to 1.12 million barrels per day (bpd), the lowest since March 2020, showed data from analytics firm Kpler. Chinese buyers of ... (full story)
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- Posted: Jul 10, 2024 4:57am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 231
