Saudi Arabia’s crude exports to China were expected to fall again in June after buyers cut nominations because prices stayed high during the US-Iran conflict, trade sources said.
State energy company Saudi Aramco was set to ship about 10 million barrels of oil to customers in China next month, or about 333,000 barrels per day (bpd), the sources said.
That would be a record low in Kpler and Reuters data, compared with an average 1.39 million bpd shipped to China in 2025.
Major Chinese refiners including Sinopec, Sinochem and Rongsheng Petrochemical reduced their June liftings,…
