Saudi Arabia to Cut Oil Supply to China Amid Weak Demand ...Middle East

OILPRICE - Economy
Saudi Arabia to Cut Oil Supply to China Amid Weak Demand
source : OILPRICE ( Middle East ) () 51
Weak demand in China will lead to lower supply from the world’s top crude exporter, Saudi Arabia, to the world’s largest crude importer in December, trading sources told Reuters on Monday. The drop in Saudi supply would come despite the fact that the Kingdom has reduced its official selling prices (OSPs) for crude loading in December for Asia. December will see a second consecutive month of lower Saudi deliveries to China, estimated at a total of 36.5 million barrels. This would be down from 37.5 million barrels expected this month,…

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