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

Angola takes measures to improve access to safe water and curb cholera - WHO | Regional Office for Africa

Angola takes measures to improve access to safe water and curb cholera    WHO | Regional Office for Africa Africa Centres for Disease Control and Prevention (CDC) Supports Angola to Fight Cholera    ZAWYA Cholera should not be killing anyone in 21st century: WHO    ET HealthWorld World News in Brief: Cholera surges worldwide, DR Congo update, WHO leads global health emergency exercise    UN News WHO sounds alarm over surging global cholera cases in 2025    Arab News from Top stories - Google News https://ift.tt/67xHpr2
Post a Comment
Read more

Critic Says Trump Is 'Ignorant' and 'Incoherent' On Coronavirus. Others Call It 'Trump' Virus.

Can President Trump keep the American people prepared but not panicked? from Yahoo News - Latest News & Headlines https://ift.tt/3abEW21 via IFTTT
Post a Comment
Read more