Saudi Arabia to Increase China’s Oil Exports

Saudi Arabia to Increase China’s Oil Exports

Saudi Arabia plans to increase crude exports to China as a response to the increase in oil demand, Gulf Business reported.

The crude exports to China is expected to increase, reaching 1.5 million barrels per day (b/d) during Q1 2019, up from one million b/d at the same period a year before.

The exports increase comes in line with the Kingdom’s strategy to boost its market share in the world’s second biggest oil consumer.

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