Saudi Oil Market Share in China Set for Rebound

  • 📰 OilandEnergy
  • ⏱ Reading Time:
  • 24 sec. here
  • 11 min. at publisher
  • 📊 Quality Score:
  • News: 44%
  • Publisher: 68%

Saudi Arabia 뉴스

China,Crude Oil,Imports

China's imports of Saudi Arabian crude oil are expected to rebound in August after declining for four months, potentially due to lower Saudi oil prices.

The market share of Saudi Arabian crude in China is set to rebound next month, according to unnamed trade sources cited by Reuters earlier today. Saudi crude oil exports to China have been on the decline for four consecutive months, the report noted, adding some traders expected this to change in August, with imports from the kingdom rising for the first time since May.

96 million tons to Chinese buyers last year, which was a 2% decline on 2022. The kingdom remains the biggest oil supplier to Asia as a whole. The news about a Chinese Saudi oil import rebound comes soon after another report that saw Saudi oil exports in total falling to the lowest in ten months in June amid higher domestic consumption during peak demand season and continued strong Russian shipments to Asian clients the country shares with its OPEC partner.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 34. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

China's Factory Slowdown Raises Questions for Global Oil MarketChina's factory activity showed signs of slowing down, but strong exports and global oil demand may offset this.
출처: OilandEnergy - 🏆 34. / 68 더 많은 것을 읽으십시오 »

Brazil's Oil Surge Set to Challenge OPEC's Market StrategyThe rebound in Brazil's crude oil and liquids production is set to frustrate the market management policies of the OPEC group
출처: OilandEnergy - 🏆 34. / 68 더 많은 것을 읽으십시오 »