Saudi Oil Exports to China Set for February Decline ...Middle East

OILPRICE - Economy
Saudi Oil Exports to China Set for February Decline
source : OILPRICE ( Middle East ) () 63
Saudi crude oil export volumes to China are expected to take a dip in February after Aramco raised its price for February deliveries—for the first time in three months. According to a Reuters report citing unnamed trade sources, Saudi oil shipments to China next month would stand at 43.5 million barrels, which would be down from 46 million barrels this month. Aramco is seen reducing deliveries to CNOOC and PetroChina while boosting deliveries to Sinopec and Sinochem. Earlier this week, Aramco raised the price of its flagship crude grade,…

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