Skip to main content

Contender: Saudi Arabia nabs new China oil demand, challenges Russia's top spot

Contender: Saudi Arabia nabs new China oil demand, challenges Russia's top spotSaudi Arabia, the biggest global oil exporter, has been surpassed by Russia as top crude supplier to China the past two years as private "teapot" refiners and a new pipeline drove up demand for Russian oil. Now fresh demand from new refineries starting up in 2019 could increase China's Saudi oil imports by between 300,000 barrels per day (bpd) and 700,000 bpd, nudging the OPEC kingpin back towards the top, analysts say. Saudi Aramco said last week it will sign five crude supply agreements that will take its 2019 contract totals with Chinese buyers to 1.67 million bpd.




from Yahoo News - Latest News & Headlines https://ift.tt/2AxI0Ft
via IFTTT

Labels:

Comments

Post a Comment

Popular posts from this blog

Op-Ed: The immorality of sentencing a 15-year-old to prison forever

The Supreme Court needs to state again that a child cannot be sentenced to life without parole unless a trial court determines that child is beyond rehabilitation. from Yahoo News - Latest News & Headlines https://ift.tt/31WomSi via IFTTT
Post a Comment
Read more

Nepal vs Netherlands Live Score: It’s a Wicket. Rohit Paudel is out - Hindustan Times

Nepal vs Netherlands Live Score: It’s a Wicket. Rohit Paudel is out    Hindustan Times Rain washes the Dutch into the T20 final    Emerging Cricket NEP vs NED: T20I Tri-Series 2024, Final: Match Prediction, Dream11 Team, Fantasy Tips & Pitch Report | Nepal vs Netherlands    Cricket Times Cricket records galore as Dutch beat Namibia in Nepal    DutchNews.nl Netherlands vs Namibia LIVE: Twenty20 Tri-Series in Nepal 2024 cricket updates today    The Independent from Top stories - Google News https://ift.tt/mVox0gb
Post a Comment
Read more