Saudi Arabia Heeds Chinese Request for More Oil
- At least one Chinese buyer got extra supplies in July: sources
- China’s access to oil hampered by U.S. sanctions, trade war
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The world’s biggest oil exporter seems willing for now to satisfy Chinese requests for extra crude as supplies are squeezed elsewhere.
At least one Chinese customer got additional oil from Saudi Arabian Oil Co. for loading in July on top of its normal contractual volumes, according to people with knowledge of the matter. The extra supply was at the request of the customer, the people said, asking not to be identified because the matter is private. At least five other Chinese buyers got what they requested, though it’s not clear if they asked for extra crude.