Transportation
Sources say that the Saudi crude oil supply to China will hit a record low in May.
Saudi Arabian crude oil sales to China will reach a new record low in?May as the U.S./Iran conflict increases prices and disrupts shipping. Saudi 'Aramco will ship approximately 20 million barrels to its Chinese customers for the month of May. This is equivalent to 645,161 barrels a day. Kpler data and Kpler's analysis show that this would be the lowest level ever recorded and less than half the 45 million barrels shipped by the Kingdom to China every month between January and February. According to sources who weren't authorised to speak with the media, major Chinese refiners Rongsheng Petrochemical and?Sinopec...