Saudi Aramco Oil Sales to China Set to Fall Sharply in April
Aramco’s monthly sales to Asia, and in particular to China, are an important source of supply for many refiners across the region.
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Saudi Aramco is set to supply the lowest amount of oil to China in several months, even as the OPEC+ cartel gears up to boost output.
The state-owned Saudi Arabian major will send 34 million to 36 million barrels of April-loading crude to customers in China, the world’s biggest importer, according to data compiled by Bloomberg. That compares with 41 million for March, and a figure below 36 million would be the smallest since at least the first half of last year.