Reducing Saudi crude oil exports to China
reports Mehr News Agency quoted Reuters as saying that Saudi crude oil supply to China in March will decline in prices to the highest rate over the past year. According to some commercial sources and information from Chinese refineries, the company Aramkoi Saudi Arabia will export about 5 million barrels of oil in March, below 1.5 million. The barrel will be sent in February. This is the second consecutive month of oil supply Aramco to China.
Big State Company Sinopec and Fujian Refinery Less Crude Oil in March than Aramco receive. But Saudi Arabia’s oil supply to Petrochina and private refinery Sheng Hang Petrokacular will increase.
Company Aramkoy Saudi Arabia last week for its crude oil price for Asian buyers as well as other parts of the world to send in the month March increased greatly.
The official price of Arabian crude oil has risen $ 2 and 2 cents to $ 2 and 2 cents above the average of Oman / Dubai, the highest figure. December 1.
This price increase came after the latest US sanctions against Russian oil trade have disrupted its oil supply and raised shipping costs.
OPEC Plus coalition representatives announced last week that the group, which owns about half of the world’s oil production, maintained its production plan in the first quarter of this year and produced production. Will gradually increase from April.
Saudi Arabia is the second largest supplier of crude oil to China after Russia. China’s customs information shows that the country imported oil from Saudi Arabia last year (1.2 million barrels per day), which was 3.7 percent below 2.
