Saudi Arabia reduces oil supplies to China
The Nziv Report 12.06.2022
Saudi Arabia will supply some Chinese buyers with less crude oil than they asked for, next month, in light of demands from several other customers in Asia after OPEC + pledged to accelerate oil production growth.
According to Bloomberg, Japan, South Korea, Thailand and India will receive the quantities of oil they requested, and some will even receive additional supplies.
Informed sources said that at least three refineries in Europe received full quantities in July shipments from Aramco, Bloomberg reports.
Saudi Aramco, which is run by the state, often does not give buyers a reason to cut sales to them.
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