Despite the expected rise in OPEC+ production in April, Saudi Arabia is set to ship significantly lower crude oil volumes to China next month to levels not seen in over a year, Reuters reported on Thursday, quoting trade and industry sources. Spring maintenance at some large state-controlled refineries in the world’s top crude oil importer is the key reason for the low volumes that Saudi Arabia has allocated for April.
These amount to about 34 million barrels, down from 41 million barrels allocated for March, according to Reuters data. State…Saudi Crude Supply to China Set for One Year Low in April
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