Saudi Aramco’s China Deals Point to Future of Oil Demand
The pivot to Asia comes as the kingdom’s crude shipments to the US and Europe fall to historic lows.
China’s importance to Saudi Aramco is growing.
Photographer: Fayez Nureldine/AFP
Welcome to Energy Daily, our guide to the energy and commodities markets powering the global economy. Today, Oil Trading Reporter Alex Longley explores the implications of Saudi Aramco’s recent deals with Chinese buyers. For more on how US-Russian tensions are affecting Arctic climate research, read this. To get this newsletter sent straight to your inbox, you can sign up here.
If you want to know where the long-term future of oil demand lies, take a look at what Saudi Aramco has been doing lately.